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the one who offers minimal interest and does not require a downpayment ,if not minimal. also, incase of a above-minimal downpayment, where can i get a downpayment and closing cost loan? i have excellent credit and my wife and I both works as a nurse. we bought a new car by cash thus we used up our savings supposedly for downpayment. thanks

5 Thoughts on Which bank or mortgage company offers the best loan package for first-time home buyer?
  1. Reply
    src50
    February 22, 2011 at 5:33 pm

    You will not find 100% financing anymore. FHA loans may be the best bet for a low down payment.

  2. Reply
    James O
    February 22, 2011 at 6:30 pm

    FHA is the best thing you can do. They will allow up to 97% Loan to Value. But do it quick, FHA is doing away with down payment assistance. I know a guy who can tell you exactly what to expect within minutes on the phone. email me an I will give you his contact info.

    [email protected]hoo.com

  3. Reply
    Alterfemego
    February 22, 2011 at 7:00 pm

    None of our answers matter because each have their own programs and they have to take into account your financial picture. It would be best to talk with local lenders, and then work with a Realtor to help you find your first home. Don’t think that skipping steps will save you anything. If nothing else, it could end up costing more. Best of luck!

  4. Reply
    rkyadav7
    February 22, 2011 at 7:56 pm

    Check out cash central they are the industry leader in providing mortgage loans http://besthelponweb.com/aboutcashcentral.asp

  5. Reply
    bianca
    February 22, 2011 at 7:58 pm

    You have to shop around to find the best deal. Not many lenders offer 100% financing, but it is not impossible to find.Ask potential lenders for closing cost and compare. Rates are changing daily and if you get the idea after talking with couple lenders what rate can you expect, them make decision. Ask your family and friends if they can recommend you somebody if they have experience dealing with somebody specific.

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