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798 Rays Road #102 Stone
Mountain, GA 30083 Bus. 404.298.9200 Fax. 404.298.9377 |
The 100% 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 and you can use 100%
financing for a purchase or a refinance. The fixed rate loan
is also available for construction and home improvement of
an owner occupied primary residence.
While you are not required to make a down payment, you must
have 3% 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.
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