No more 100% Loans
Posted March 19, 2008
No Money Down… No More!
The day of the 100% mortgage loan in Charlotte is over, at least for now. While lenders are still offering Charlotte 100% mortgage loans, the private mortgage insurance companies are refusing to insure them. This means that zero down home loans are no longer available!
This change affects more than just Charlotte mortgage companies. This is a nationwide change from the PMI companies. So no matter where you live, no money down loans are done.
For those that really need 100% financing home loans in Charlotte, we still have options to work with. Many lenders still allow gift funds from family or work and the Charlotte FHA mortgage program has mortgage loans with as little as $100 down when buying a Charlotte HUD foreclosed home.
This website provides information on FHA and VA loans, in addition to the hundreds of other conventional and jumbo mortgage loans available. As a mortgage loan officer, Ed has proudly served home owners and home buyers in the Charlotte area (including Concord, Gastonia, Matthews, Monroe, Huntersville and Ft. Mill as well as all of North and South Carolina.)
Apply online for your Charlotte area mortgage loan
or call 704-651-8704 for your free mortgage consultation.
This website provides information on FHA loans, including FHA Secure and FHA Rehab loans, for home owners and home buyers in the Charlotte area (including Concord, Gastonia, Matthews, Monroe, Huntersville and Ft. Mill as well as all of North and South Carolina.)
Apply online for your Charlotte area FHA mortgage loan
or call 704-651-8704 for your free mortgage consultation.
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