What options are out there for first time home buyers, regarding downpayment help?
June 3rd, 2010 by admin
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5 Responses to “What options are out there for first time home buyers, regarding downpayment help?”
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You need to speak with a loan officer in your area. There are many loan programs available today that do not require a down payment or only a very low downpayment.
You can also structure the deal to have the seller pay all, or almost all of your closing costs. Contact a good Realtor for help with that.
Interest rates are still very low, so you may want to get moving on this. Good luck
Common Questions from First-time Homebuyers – HUDThe payment comes from the home seller – not from the buyer. … That’s why many first-time homebuyers turn to HUD’s FHA for help. … – 49k – Cached – Similar pages
find a rent to own home they are out there or a vendor that takes on a low down payment. I bought an acreage once where i leased it for a year with the option to purchase after one year and the lease money was used as a downpayment . I own the place free and clear now. look in papers and real estate news for low or no down payment options also talk to real estate peeps. also if you have good credit there is no downpayment options but higher interst rates out there too
There’s alot of town homes and detached houses that will sell for o down! We did it and have no regrets. Work through a broker. It can save alot of hassle. All you need is about $3,ooo.oo for lawyers fees. That’s it!!
Juju,
My husband are are loan originators with a nationwide company called Global Equity Lending. We have over 700 lenders worldwide, so if the loan is out there we can find it for you. We do everything on-line. And would be happy to do a free pre-qualification for you. Since our system is on-line, in a matter of minutes, over the phone we can search over 700 lenders and find a loan that suites you. If this is your primary residence, there is no reason you can’t get 100% financed. Even if we have to get an 80%, 20% split (total 100% financed) that can be done.(My husband and I just got a home in California, and this is what we did). The only times you really have to have the 20% down payment is if this is an investment property. You should let us or one of our business partners run a free quote for you to see what we can find. Feel free to contact our office @
619-250-6067.
Best Regards,
Tosha Jones