Mortgage Programs & Loan Options. Whether you’re buying your first home, moving up or downsizing, knowledge is power when making important financial decisions. That’s why SunTrust Mortgage wants you to know about all of the mortgage programs and loan options available to you.
100% Financing Home Loan – Delta Community Credit Union – This is a great option for borrowers who have a credit score of 720 or higher, but may not have enough saved for a down payment, which can be up to 10% for other types of mortgages. 100% Financing is not available for Home Equity Loans or Refinances. 100% Financing Home Loan Benefits
Loan-to-Value or LTV is the amount of money you’re borrowing as a percentage of your home’s value. Lenders use loan-to-value calculations on both purchase and refinance transactions. The math.
There are numerous construction lenders that can finance new construction loans with little to no down payment. When it comes to government insured mortgages, VA would be the only one that allows for a zero down on construction loans; however, most other programs allow for 3.5% (FHA) to 5% (conforming) down payment.
100% Financing Home Loans 2018 | Zero Down Mortgage – Zero-Down Mortgage: USDA Home Loan. You may live in a rural area, which means you may quality for a 100% financing mortgage insured by the United States Department of Agriculture. This mortgage program, created as a rural development program to spur homeownership, has helped millions of Americans purchase homes since 1949.
No Down Payment Mortgage Loans and Low Down Alternatives. The mortgage meltdown in 2008 had a profound effect on the financing requirements for most lenders. Prior to the downturn, zero down mortgages were commonly available from multiple sources. today, the variation may be lower, but 100% financing loans are still available.
100% Financing Loans – Lending Hand Mortgage, LLC – 100% Financing Loans If you are looking for a loan program that does not require you to make a down payment, then you have come to the right mortgage company. We offer an array of programs that do not require any down payment. This is great for the purchase of your first home or even your 2nd home.