100% Financing with a Conventional Mortgage?

[Robert Ashline]

Hey guys, I am working with a realtor in my area and I was talking to her about financing options for a purchase that I'm looking to close on in late summer. I was talking to her about an FHA loan and then she expressed to me that she knew of a mortgage lender that does 100% financing and it is classified as a conventional loan, the only requirement is that I'd need a minimum of a 640 credit score to qualify. Has anyone else heard of such a mortgage loan with a bank? Seemed more like a private lender loan to me rather than a conventional loan through a bank. We briefly spoke on the phone yesterday so I haven't been able to inquire on the subject with her in more detail, but I wanted to ask you guys and see what you thought about it as well.