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Idea from Beth Casey

Title

How to Buy a House with No Down Payment

Summary

There's a good reason that a 20% down payment is important, such as avoiding paying for mortgage insurance on top of a monthly mortgage payment. Sometimes, like with an FHA loan, you might lower the down payment to 3.5%, but that can still leave you with a chunk to save in today's higher home market. However, there are other ways around the down payment conundrum that still allow you to slide into a home of your own.

Author

Beth Casey

Keywords

  • Buying a home
  • no down payment
  • Links

  • https://homebuyer.com/learn/how-to-buy-a-house-with-no-money
  • https://hudgov-answers.force.com/FHA/s/subtiles?parent=a0Dt0000004bWo6EAE
  • https://www.hud.gov/program_offices/housing/sfh/fharesourcectr
  • https://sf.freddiemac.com/working-with-us/affordable-lending/home-possible-eligibility-map
  • https://singlefamily.fanniemae.com/originating-underwriting/mortgage-products/homeready-mortgage
  • https://www.habitat.org/housing-help/apply/qualifications-for-habitat-homeownership
  • https://www.ccimaine.org/self-help-home-ownership
  • https://www.rd.usda.gov/programs-services/single-family-housing-programs/single-family-housing-guaranteed-loan-program
  • http://https://www.va.gov/housing-assistance/home-loans/