 Full Financing
100% Financing Mortgages have become a popular choice for financing a home. Coming up with the thousands of dollars that make up a ten or twenty percent down payment can be difficult on any budget. At RH Financial Mortgage, we have many options for home purchasers to fully finance their dream homes.
So, if you would like to move into your home with almost no out-of-pocket costs, contact an RH Financial Mortgage professional today.
See our requirments below for 100% financing.
- Zero down payment or 100% financing - either a 1st mortgage exclusively or a combination of a 1st and 2nd mortgage (sometimes referred to as a piggyback mortgage).
- Advantages to 100 percent financing:
- No Cash needed for down payment
- Don't need to liquidate stocks and other investments
- Borrower may want to finance as much as possible for tax deduction purposes
- Requirements for 100 percent financing:
- Property must be owner occupied
- Fico Score 620
- Normally requires the use of both a first mortgage and a second mortgage
- Debt ratios of 45 or less
NEXT STEPS:
>> Start your application
>> Free financial analysis
>> Find a realtor
>> Contact an RH Financial Professional
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