Answer: -How bad is your credit? Do you know your score? Do you have a copy of your credit report? I am a loan officer with a nationwide mortgage company and we also do sub-prime loans. If your credit score is 580+ you can get 100% financed and possibly negotiate that the seller contribute up to 6% toward your closing costs. I'm happy to answer any additional questions or take a look at your credit report. -I would try to avoid "sub-prime" loan programs if at all possible. The fees and rates will eat up your money.Look for an FHA type loan or House America (Countrywide) type program. They are not credit score driven, they just want to make sure your recent payment history (12-24 months) is good. -If you own your home you can refinanceand pull cash out and pay off you debt and raise your credit score dramatically. I work for United Lenders Group and can help your mortgage loan no matter how bad your credit is or how much debt your in. -After reading all the feedback - You must be totally confused. A 100 percent loan - is not totally out of your reach - There are FHA programs, payment assistant programs to help you. Look at your middle credit score, if you do not know your credit scores - have your lender tell you, or pull your credit from the 3 credit reporting agencies - BUT the person you are working with should tell YOU. Lenders look at the middle score to qualify a person - With a 580 or higher you can get a 100 percent loan. If your credit is low, than you will be going SUB-Prime, and any amount over 80 percent does not have MI - There are alot of companies I underwrite for that does NOT charge MI - normally the rate is slightly higher. Say you got qualified and your rate was 8.50 at par (Par, means that is what rate the lender quotes you, with no addon's to the rate for the lender to make pts on the back - some Lo"s add pts on the rate to make their money - instead of charging it up front). The 8.50 does not have MI included. This is a estimate only - ok - If you go with a FHA loan, FHA has MI included. (With a 580 + you will be going sub-prime the rates are higher by about a 1 percent, but you have no MI. (MI is mortgage insurance in case you default on the loan, it is a way for lenders to have added insurance. It is not the same as Home Owners insurance, ok). Conforming A+ borrower's loans have MI included, but the rates are better starting in the mid to high 6's (with rates going up.) The more money you borrow - the higher the rate normally. There are a lot of factors involved. With a government loan - collections and judgements will have to be paid (most ppl do not know that) but for FHA it is true....