Home Loans with Zero or Very Low Down Payment

Posted on January 5, 2009
Filed Under FHA Home Loans, Home Loans, VA Home Loans | Leave a Comment

Learn How to Purchase a Home with Zero or Very Low Down Payment.

Currently there are several home loan programs available for 1st time home buyers and move up buyer to purchase with zero or low down payment and market interest rates.

These loans do not have pre-payment penalties so common in the sub-prime era. In fact, the FHA insured loan is now the most popular loan being used for home purchases.

FHA Loans – 3.5% Down Payment and seller can credit up to 6% of the purchase  price towards recurring and non-recurring closing costs.

VA Loans – Zero Down Payment.  Seller can contribute towards closing costs

USDA – 102% loan, seller can contribute towards closing costs.  Cash toward repairs if home is appraised higher than purchase price.  Many areas qualify.    Call for details.  For example: Battle Ground and Ridgefield cities are in the eligible area.

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