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What is 100% Financing? There are loans in which you do not have to have a down payment to buy a home. Or perhaps you simply wish to refinance your existing home for extra cash or debt consolidation. In either scenario you do not need to have equity to get the financing that is available to you. If you are buying a home and you have been trying to save up for the down payment but the price of homes has continually risen, 100% financing accelerates your dream to a reality of home ownership NOW! No more waiting. This allows you to use the money you hav accumulated for down payment for other important needs you may have when moving into the home. How Does 100% Financing Work? The most commonly used option for 100% financing is the 80/20 loan program. This is where we provide you with two loans, a first mortgage for 80% of the purchase price of the home and a second for 20% of the purchase price of the home. By providing these two loans *PMI, is not necessary and therefore you will find that you are saving an additional cost each month, that you would normally have to pay when financing any loan in excess of 80% loan to value. The combination of the monthly payments is going to be lower than one loan with *PMI. We have many different program options to accommodate all borrowers with varying credit profiles and income levels. Stated income loans are available. Rates and terms are subject to change without notice and all rates, fees and payments are to be considered as examples only. *PMI (Private Mortgage Insurance) PMI, protects the lender against a loss if a borrower defraults on the loan. PMI, is usually required for loans in which the down payment is less than 20 percent of the sales price or, in a refinancing, when the amount financed is greter than 80 percent of the appraised value of purchase price of the home whichever is lower.

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