What happened in this situation? What john and Leslie did not know is that in addition to the 5%+ in closing cost there is also a FHA funding fee that can run in to the thousands.

How does GDM Investment Group, Corp. help me get a no money down loan? This is a very good question. There are several types of 100% financing available today. I have explained a few of the most common was we can offer a no down payment loan to you.

1. 80-10-10's, 80-20's and more. At this point you are asking, what in the world is this? One of the most common ways of offering 100% financing is by breaking the loan down in to several loans. Lets say that you are looking at purchasing a home for $100,000. You would have one loan for $80,000 and have a short term mortgage for the remaining 20%. When you break the loan down in to several loans you actually avoid other cost such as PMI (Private Mortgage Insurance). The first mortgage will always be a Fixed Rate (GDM does recommend adjustable rate mortgages). The second mortgage though is most likely a fixed mortgage for a 15 year term.

GDM Investment Group, Corp. will facilitate the entire process through our multiple banking relationships, and keep you apprised throughout the entire process!