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No Money Down Home Loan - Flex100 |
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Lowest rates from over 50 lenders displayed:
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| Loan Name |
Rate |
Pts |
APR* |
As of |
| Stated 100% No $ Down |
6.25% |
1.25 |
6.51% |
2007-09-19 |
| Stated ARM Balloon |
5.99% |
2.0 |
6.24% |
2007-09-19 |
| Stated ARM Year 10 |
5.75% |
2.0 |
6.01% |
2007-09-19 |
| Stated ARM Year 2 |
6.9% |
1.0 |
7.15% |
2007-09-19 |
| Stated ARM Year 3 |
6.5% |
2.75 |
6.76% |
2007-09-19 |
| Stated ARM Year 7 |
6.125% |
2.75 |
6.38% |
2007-09-19 |
| Stated Fixed Year 10 |
5.5% |
2.75 |
5.75% |
2007-09-19 |
| Stated Fixed Year 15 |
5.25% |
2.75 |
5.51% |
2007-09-19 |
| Stated Fixed Year 20 |
5.37% |
2.75 |
5.62% |
2007-09-19 |
| Stated Fixed Year 30 |
5.625% |
2.75 |
5.89% |
2007-09-19 |
| Stated IO Year 10 |
6.0% |
2.75 |
6.25% |
2007-09-19 |
| Stated IO Year 10/30 |
5.75% |
2.0 |
6.01% |
2007-09-19 |
| Stated IO Year 15/30 |
5.75% |
3.0 |
6.0% |
2007-09-19 |
| Stated IO Year 3 |
5.25% |
3.0 |
5.51% |
2007-09-19 |
| Stated IO Year 5 |
5.5% |
3.0 |
5.75% |
2007-09-19 |
| Stated IO Year 7 |
4.87% |
3.0 |
5.13% |
2007-09-19 |
| Stated LIBOR Year 3/1 |
5.25% |
3.0 |
5.5% |
2007-09-19 |
| Stated LIBOR Year 5/1 |
5.5% |
2.0 |
5376.0% |
2007-09-19 |
| Jumbo 100% No $ Down |
7.99% |
2.0 |
8.24% |
2007-09-19 |
| Jumbo ARM Balloon |
6.75% |
2.0 |
7.01% |
2007-09-19 |
| Jumbo ARM Year 3 |
6.125% |
2.0 |
6.39% |
2007-09-19 |
| Jumbo ARM Year 5 |
6.25% |
2.0 |
6.5% |
2007-09-19 |
| Jumbo ARM Year 7 |
6.5% |
2.0 |
6.76% |
2007-09-19 |
| Jumbo Fixed Year 15 |
6.5% |
2.0 |
6.76% |
2007-09-19 |
| Jumbo Fixed Year 20 |
5.87% |
2.0 |
6.12% |
2007-09-19 |
| Jumbo IO Year 10/30 |
6.75% |
2.0 |
7.01% |
2007-09-19 |
| Jumbo IO Year 5 |
6.5% |
2.0 |
6.75% |
2007-09-19 |
| Jumbo IO Year 7 |
6.625% |
2.0 |
6.89% |
2007-09-19 |
| Jumbo LIBOR Year 5/1 |
6.625% |
2.0 |
6.88% |
2007-09-19 |
Fannie Flex 100% Program
- Zero money down
- Condo-single family home-townhome
- Excellent credit
- 30 year fixed loan program
New! Program available on 5/1 and 7/1 arms
Fannie Flex 100% Expanded Approval Program
- Zero money down
- Condo-single family home-townhome
- Less than perfect okay! generally 575-660 scores will qualify
- 30 year fixed loan program
Zero Down-80/20 Interest Only Program-NO PMI!
- 1st and 2nd mortgage combination loan-Super Low Payments!
- Zero money down
- 660 minimum credit score
- 1-2 unit properties, condos (low rise only-4 stories or less), and townhomes
- 2 year, 3 year, and 5 year arm loan programs
The Flex 100 No Money Down Home Purchase Loan is a Fannie Mae product that allows a borrower to purchase a home with absolutely NO down payment. This product is great for first time home borrowers that want to purchase but who have not saved money for a down payment. The borrower is only responsible for $500 applied towards closing costs which can come from a variety of sources including gift money, grants, personal savings and more. Complete the form to the right for a free quote on this exciting no money down home loan product.
Homeowners who don't have 20 percent for a downpayment and don't want to pay PMI can opt for a piggyback loan, which is essentially a home equity loan that funds a portion of the downpayment.
With an 80-10-10 loan, for example, the buyer contributes 10 percent of the home's price, borrows 80 percent with a traditional mortgage and borrows another 10 percent with a second mortgage. Similarly, the 80-15-5 allows the buyer to put 5 percent down and borrow the extra 15 percent via a second loan.
One advantage of this route is that you can deduct the interest you pay on a second loan. And, depending on how aggressively you pay off the second loan, a portion of your payments will go toward building equity.
The disadvantage of a piggyback loan is that it could take as long as 10 years to pay off your second loan, while appreciation of your home's value may get you out of paying PMI in just a couple of years.
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LIBOR
