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100% financing will get you a house. It will also get you higher monthly payments, and likely a higher rate since the lender is assuming more of the risk. If you can do it, try to get 5% down and shoot for a 80/15/5 mortgage (80 = ist mtg./15 = 2nd mtg./5 = downpymt) which will allow you to avoid PMI. Althoughyou have slightly higher closing costs, you also have more tax benefits with dual mortgages. That said, I'm not an expert so you should consider ALL options available to you. BTW, PMI has no positive implications for you so avoid it at all costs. It's literraly money down the drain until you have a 20% stake in the house payments. Good luck!

- D
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