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Can someone buy a home even if not having the down payment?

 
Anonymous

Asked by Anonymous at 11:06 PM on Apr. 19, 2010 in Money & Work

This question is closed.
Answers (6)
  • The new lending practices since the bail out have made it much harder to get a loan without a down payment. I'm certain there are some banks doing it and others who are using solid asset collateral. Working with a lender to review your credit and to shop your loan application is the best way to see if you are eligible.
    ecodani

    Answer by ecodani at 11:17 PM on Apr. 19, 2010

  • Yes, for example if you have a VA loan and have good credit. It just depends on what type of loan you have and who you go through.
    Anonymous

    Answer by Anonymous at 11:16 PM on Apr. 19, 2010

  • i really dont know how it works, but i do know that you'll have to put down somthing! I dont think that you could buy a house without putting anything down!
    yamil519

    Answer by yamil519 at 11:18 PM on Apr. 19, 2010

  • Yes if you are using a VA loan.
    mhaney03

    Answer by mhaney03 at 11:19 PM on Apr. 19, 2010

  • Yes, you can do 100% financing on VA loans and in certain areas you can do Rural Housing loans. Rural Housing is funded through the USDA and is currently close to running out of funding for the year but they may be extended more funds before their next fiscal year in October.
    Kari126

    Answer by Kari126 at 11:19 PM on Apr. 19, 2010

  • Yes, also some states like Florida has the SHIP program that gives people $10,000 for a down payment
    Anonymous

    Answer by Anonymous at 11:51 PM on Apr. 19, 2010

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