ccc: 102% Financing may be available in your area! This is real... - 05/22/08 06:49 AM
Many people across the country have seen the finance industry starting to pull back on financing in their area.  Subprime is pretty much gone along with Alt-A financing.  Fannie Mae (FNMA) and Freddie Mac (FHLMMC) are still out there with My Community and Flex 100 which offer 100% financing.  The only problem is that those programs require MI (mortgage insurance) and if you are in a declining market you will have a 5% LTV (loan to value) cut.  This means 95% is now the highest financing FNMA/FHLMC offer. 
This is the reason FHA is on the rise.  It finances 97.5% and … (4 comments)

 

Chad Wille

Windermere, FL

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Value Shield Financial Services

Address: 1390 Hope Rd., Maitland, FL, 32751

Office: (407) 628-8222

Mobile: (407) 704-0889

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