I have found no shortage of lenders that will do refi with no cash, Quicken being one.I hope this helps.Scottish007

Maybe they will go after you for the shortage.

There is a housing shortage in the area.  

In a recent survey by a Dubai Real Estate Developer, Sama Dubai, at the MIPIM Asia expo in Hong Kong had the following interesting Asian property stats:The predicted potential growth prospects in India were the highest at 38 per cent due to a residential housing shortage of 60 million units & development of 4.3 million square metres of commercial property in the next 24 months.

As Chuck eludes to there is extreme high density and shortage of housing. so even the rough areas have very low vacancy rates..

There is still a vast inventory shortage at lower price points. 

Materials are rising and there is a real shortage of contractors to do the work.

Because of a shortage of funds at the moment we would put 5% down and have a mortgage payment of about 2100/month.

I have a shortage of some funds for down-payment and this is only for an year and I can manage after that.

It's not the shortage of land that controls development, it is the shortage 'supply chain' control of natural resources (water, wood, etc) and financial motivation that is presently moving our marketplace in this direction.