100% Mortgage still exist?

[Nate]

I currently have one property that I rent out, i have owned it since Jan and been renting it out since then, small payment on it on 500 month 70,000 place cheapy, been on my job for 3+ years, make 100k+ annually, aces for credit, no lates or anything, I have the ability to put money down but would prefer not to, looking at homes in the 150's-200's, what are my chances of getting a 100% mortgage and if so what kind of rate am I looking at?

thx,

Nate

[XtremeVision]

No sir.

3% FHA or 5% fannie...

[1Fast AWD]

Even Fannie is dropping on a lot of their programs to 90% so just be careful but Nate is right with the numbers. Your best bet is FHA at 3%, credit score doesnt matter and can go up to 6% closing costs if needed.

[BAMF]

0% chance you'll be getting a 0% down loan any time soon.

You make over 100k anually? WTF? Wait 2 months and slap a downpayment on an FHA loan or something.

[Strangeholliday]

agreed with your income being over the hillsborough median income, You're best bet is an FHA loan at 3 % down payment.. 150k home? 3 % is what? 4800 hundred bucks?

Either way, Honestly, Fannie mae loans are pretty much done. IF someone calls me and wants to refi or purchase, If the LTV is over 80 % I always take it FHA

[Nate]

I can put more than 3% down right now, i just prefer not to, found a couple of homes, anyone know a good mortgage broker,

thx,
nate

[1Fast AWD]

Sorry wrong thread