Q&A: Does Anyone know how to really get 100% financing for real estate?
Question by Elwood D: Does Anyone know how to really get 100% financing for real estate?
I’ve seen so many people online selling information about obtaining 100% financing for real estate transactions but all of the ones that I’ve tried have not really worked. Does anyone know of any 100% financing strategy that really works? Any information would be greatly appreciated.
Best answer:
Answer by Shawn J
If you are a first time buyer,
Or, you can get an FHA loan 97% first, 6% second and cover all costs.
Add your own answer in the comments!
It depends on whether you are talking about a home that you will live in yourself (primary residence) or an investment property.
If you are talking about a home that you will live in yourself, there are plenty of options that do not require a down payment. Fannie Mae and Freddie Mac both have programs tailored towards folks who might not fit the typical “box” when it comes to mortgages.
The best advice is to contact a mortgage broker you can trust (full disclosure – I am one) and have them do a credit analysis and find out what programs might work for your personal situation.
But the short answer is that there are plenty of zero-down programs available.
I found a free report that actually works for no money down deals***There is a free report that teaches you how to acheive 100% financing – no money down and in some cases cash back at closing. No seller financing involved. Check it out at this link:http://www.financingfactory.net/freereport