My client just found their dream house, now the painful part - where to find the money?
They both work but short on cash, good credit (wife fico 700+). How could I help them get 100% ltv financing for a $300k house, if any possible?
Thanks in advance.

I forgot to mention the property is in northern VA.

It's still out there if you move quickly, who knows what tomorrow will bring.
The issue I have been seeing is a reduction of 5% LTV for "declining markets" Just about every county in Virginia is listed as a declining market but we still have a few lenders that will go to 100% despite the declining market issue.
If your clients have a solid employment history and some assets it can be done.
At least today it can...lol

Still possible. Like Ashby said, you're going to have to move quickly before these programs dissapear.

FHA is not affected by Declining markets. You could obtain up to 97.75% financing and use a down payment assistance grant for the rest.

FHA also allows up to 6% seller concessions to pay the buyers closing costs and pre-paids.

FHA usually has a lower rate and payment than the alternative. (Fannie Mae MCM100/Flex100)

So, you are just fine.

VA is also available to 100% I believe.

1. You can try the USDA loans if possible in your area: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?NavKey=home@1 .... its 100% no monthly MI. Income limitations. It does not have to be out in BFE there are some parts in CA an hour away from downtown los angeles that qualify. Which I am sure Prodigy has heard of since its in his area.

2. For the FHA you can try to have the seller participate in a Down Payment Assistance Program like the Nehemiah Program at http://www.getdownpayment.com If the seller is willing to give 6% concessions then use half (3%) for closing and the other half (3%) for the down payment. So there is your 100% but the 3% (down payment) is never paid on. There is a fee of $500 I think or $750 I forget. Anyone can pay for it the seller, buyer etc.

3. In CA for CA properties there is a lender that is taking out a second for the decline percentage and that becomes 100%. But there is still MI on the first lien.

Hope this helps. PM me for more info.

Now some FHA lenders are starting to implement the declining market on FHA too. Beware.

Use FHA Nehemiah Program. They will let you have the seller pay 3% towards buyers closing costs and 3% for down payment.

So FHA Nehemiah Program is the best way?

Most the lenders I deal with allow 3% down payment assistand and 6% concessions towards closing costs.

Genesis only charges $395.00. http://www.instagift.org

Available still, but on the decline for sure from what I've seen.