Go Back To Search Results Question What company has the BEST home loans with ZERO down? My sister is considering buying a house, but does not have much $$$ to put down. Is there a loan company that easily approves someone with good credit and a secure job? This would be in California. By kookoo4travel Posted on 09/18/07 Total Answers 6 Answers- tell her to go to a bank for a conventional loan.. they are the best.. Answer by : J. W. H On Date 2007-09-18 18:30:12 I doubt you're getting a 0-down loan at this point in time. Especially in Cali. Open Book, I don't think you'll find many clueless investors willing to buy packaged "zero-down" loans anymore. Unless the Fed keeps bailing out the idiots who keep writing them. Answer by : fundie hunter On Date 2007-09-18 18:32:58 you should look into WHO offers MyCommunity, HomePossible or FHA mortgages..... Mycommunity/homepossible is 0 down but you will need to have the seller pay for the closing costs. they have strict income limits.... FHA requires a 2.25% down payment...and has loan limits Answer by : Carolinahomerates.com On Date 2007-09-18 18:36:13 Man some people do not know what they are talking about. Fundie- I see your expertise is finance in general and I understand your thinking, but when it comes to mortgage origination & lenders in the NON jumbo conforming market, there is still 100% financing available to people with good credit. Not with bad credit and not in JUMBO loans but that wasn't the question posed here. Yes there are 100% loans available to people with good credit & job. She'll want to stay within conforming limits. This means the home she chooses will need to be $417K or under, our basic starter home in many areas of CA. The Jumbo loans (over 417K) are the ones that have become non-existant as of late, not all 100% financing. We are in Ca and now is an excellent time due to the market flux. Rates are still low for good credit borrowers Those sellers who have to sell because they can't make the payment on those "people are smart" loans (sorry for the ditech dummy reference) are not in a position to bicker. Sellers are paying closing costs and most have plunked a bunch of $ into their homes making them very nice. The My Community & Flex100 loans are perfect for her situation. Also around here some cities are offering 25K grants for new buyers to help them become owners. It's a smart time for first timer buyers. They're the demographic this market was made for. Tell her to go for it. Get the sellers to cover all costs and don't be afraid to offer much less than asking price . There is alot for her to choose from. As far as a bank - limited programs but a place to start. Answer by : Open Book Advisors™ On Date 2007-09-18 19:16:12 The webguide http://mortgagehelp.assistancecenter.info has highly useful info on mortgage and home financing. You can get all your doubts clarified from the site. Check it out. Good luck! Answer by : silviya On Date 2007-09-19 01:39:33 Hi There! I Got This For Your... As Always, Its Always Better That You Get The Info Firsthand. So Check It Out Yourself, Im Pretty Sure You'll Discover Something... Answer by : Mike M On Date 2007-09-19 09:08:25   Go Back To Search Results