I have been quite busy, and haven’t read these posts lately, sorry. I didn’t read this entire thread, it’s 50+ posts now.
Believe it or not, there are still programs for 100% purchases, and there are still stated income loans,
IF you qualify…
The current comforming loan of $417K and under are conditioned by FNMA and FreddieMac. They didn’t offer 100% financing, only 95%. The talk of raised conf loan amounts hasn’t been addressed yet.
As of late, certain areas have been determined to be “areas of declining value” and any property in that class is automatically reduced by 5%, so the the old 95% loan is now only 90%.
FHA still has 97% financing (3% down) but the costs/fees are too high IMO.
Loans over 80% still require mortgage insurance.
If you would like my contact info, please email me at [email protected] and I will send you my contact info.
Please post that you have sent me an email, as I don’t check that address unless prompted.
Will be happy to provide any information that I can.
