My family might be relocating to a new state and we would have to sell our current home and buy a new home. My question is do we absolutely NEED a down payment or can we do 100% financing again. I am clueless on this stuff. When we sell our current we won't get a lot out of it so I can't see us coming up with a down payment.Answer Question
Answer by feesharose at 11:49 AM on Dec. 11, 2008
Answer by 1stand2nd at 12:04 PM on Dec. 11, 2008
Answer by kaycee14 at 12:25 PM on Dec. 11, 2008
Answer by mamakirs at 12:26 PM on Dec. 11, 2008
Answer by funmomof2 at 6:48 PM on Dec. 11, 2008
Answer by mamakirs at 8:17 PM on Dec. 11, 2008
http://www.choc-wa.org/ - you can try giving them a call, also... they are an organization with the sole purpose of helping home-buyers in Washington. I think they generally work with first time buyers, but maybe they have some resources for you. Never hurts to check.
My mom runs one of the largest construction companies in Washington state and their houses are selling for 100,000 less than this time two years ago. They are in NW washington so it doesnt help you location wise, but the state is getting more affordable. good luck!
Answer by LuminousMom at 2:30 AM on Dec. 12, 2008
Answer by CocoMason at 10:50 PM on Dec. 20, 2008