The 100% financing loan is designed to offer home ownership opportunities to borrowers with good credit but who lack the ability or desire to make a down payment on a home. It provides an option for those who wish to invest their savings in assets other than their home.
This type of financing is popular among both first time home buyers and experienced home buyers and you can use 100% financing for a purchase or a refinance. The fixed rate loan is also available for construction and home improvement of an owner occupied primary residence.
While you are not required to make a down payment, you must have 3% in the transaction. These funds are applied toward your closing costs and may come from your own funds, a gift from a relative, grant, or sale of assets you own.
I contacted Hansen Financial Services about refinancing. The paper work was easy and the request was processed in time. I recommend this company to people looking for Refinance."
I was looking for a mortgage however was not sure which company to go with. I was then referred to Hansen Financial by my friend and was happy to deal with them."