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The 100 percent financing loan is designed to offer home ownership opportunities to borrowers with good credit, but who lack the ability or desire to make a down payment on a home. It provides an option for those who wish to invest their savings in assets other than their home.
This type of financing is popular among both first time home buyers and experienced home buyers which allows you to use 100 percent financing for a purchase or a refinance.
While you are not required to make a down payment, you must have 3 percent in the transaction. These funds are applied toward your closing costs and may come from your own funds, a gift from a relative, grant or sale of assets you own.
Call 832 641-8828 to discuss your best home financing options. |
