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Updated about 8 years ago on . Most recent reply

User Stats

41
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10
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Shiv Choythani
  • New York City, NY
10
Votes |
41
Posts

Question Regarding Full Financing Buyer

Shiv Choythani
  • New York City, NY
Posted
Good evening BP'ers, My question is regarding buyers that become qualified through special programs that require the buyer not to put any money down and no closing costs but are given a certain amount that the mortgage lender through this program will cover that they cannot exceed. As being a realtor on the buyers side, how would an agent write up the offer for the buyer that is fully, 100% financing the deal through the lender participating in this program? Are these types of deals common and what is the chances of a deal like this being accepted? Any feedback is appreciated. Thanks!

Most Popular Reply

User Stats

41
Posts
10
Votes
Shiv Choythani
  • New York City, NY
10
Votes |
41
Posts
Shiv Choythani
  • New York City, NY
Replied

Has anyone worked with a buyer that was being fully financed from a lender through a program that indicates to the buyer that they require no money down & no closing costs. Just required to have a stable income. How would an agent put an offer in on someone that is being fully financed with no money down?

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