100% Financing, Zero down, and No PMI

[Phillip Kim]

I am soon to buy my first Real Estate property using 100% financing from a local bank. The property is a duplex located in the suburbs of the Philadelphia region. The lender does 100 financing with no PMI. I know there are positives and negatives to this strategy. However, is this a good way to get started being my first property? What are some serious things to consider? Are there any serious negatives to this strategy?

[Peter Tverdov]

I'm guessing this is a VA loan? If not, myself and the entire BP community are going to need the name of this bank.