A lot of buyers hear that you can’t get 100% financing anymore. However, it is still possible to get 100% financing, which in short means no down payment. There are three options available to buyers for 100% financing:
1) FHA loans (one of the more popular types of loans)
2) My community (a specific Fannie Mae product)
3) Du Flex (a Traditional Fannie Mae loan)
I still do 100% financing loans on a very regular basis, and these are the main 3 options I can use. Not everyone can get approved for 100% financing. But, with it being such a good time to buy right now, these options are definitely worth considering!
Want to see if you qualify for 100% financing? Call Leah Odom with Carolina One Mortgage! You can call her cell phone at (843) 813-0123 or visit her website to get started.