Northern Michigan Real Estate: 100% financing options are still out there

100% financing options are still out there

Rural Development guaranteed loans are slowly starting to lose their allotment for this year.  In an area where this lending source is prevalent, this presents a challenge for those buyers who are looking for a ZERO DOWN program for their home purchase.  There is an option left out there for ZERO DOWN.


Veterans' Administration Loans

100% financing for purchase

No down payment required

No monthly mortgage insurance

Low closing  costs

Low fixed rates

First Place Bank in Traverse City has staff that is experienced in VA loans.

If you qualify for a VA loan, you also qualify for Homes for Heroes

Homes for Heroes offers Realtor , lender, title company and other associated discounts from local businesses.  Call today to for more information about the program or register on line

Christine Stalsonburg, Broker/Owner

Cherry Wings Realty













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Comment balloon 3 commentsCherry Wings Realty • April 21 2010 08:36AM


I think everyone, no exceptions, should be required to put at least 10% down in order to buy a home, and no amount of refinancing should ever be able to get to that 10%. The only way to get it back is to sell the house. That would encourage people to buy a home, live in it, raise a family in it, retire in it, and even die in it, and that would be good for the country.

Posted by Not a real person over 9 years ago

Good reminder Christine!

Posted by Helen over 9 years ago

Good post!

Posted by Joshua Zargari, MJ Decorators Workshop (MJ Decorators Workshop LI staging and home decorating) over 9 years ago