Zero Down, does it really exist?

[Naz Hossain]

I heard on a BP podcast that there was bank in Alaska (lending locally) who lends on appraised value of a property, rather than the purchase price. Do these type of banks really exist? Where they will cover 100% of cost/purchase as long as it below a certain percentage of appraised value? Are there lenders out there who might come close? There is a property I am looking at very closely that has a lot of margin but will be a rental purchase. Shooting my shot here