<% String pageType = "About"; %> <% String subPageType = "Mortgage Library"; %> <%@ include file="includes/header.inc"%> 100% Financing

One-hundred percent Financing is available to qualified home buyers. No down payment is required. A borrower may have one mortgage for the full amount of the loan. Typically, however, one-hundred percent financing is an option for borrowers who can meet the requirements for a convention mortgage totaling 80% of the value of the house and a home equity loan or line of credit for 20% of the value.

One hundred percent financing may be necessary when you need to close on your new home before selling your current home. You may opt for 100% financing if you do not want to liquidate other investments for your down payment. There may be tax advantages to 100% financing that you want to explore. Excellent credit scores are required for first time buyers, buyers with limited resources and newly employed workers who want to qualify for 100% financing.

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