One of the most popular loan programs that allow you to buy a house without a down payment is the VA loan program. This program is only available to military veterans and to their surviving spouses.
The VA guarantees purchase mortgages with no down payment required for qualified veterans, active-duty service members and certain members of the National Guard and Reserves. Private lenders originate VA loans, which the VA guarantees. There is no mortgage insurance. The borrower pays a funding fee, which can be rolled into the loan amount.
Hi am trying to buy a house my credit score is 752 the bank I talked to said I have excellent credit I also qualify for first time home buyer loan to be used as down payment or help in Closing cost.
Lower down-payment loans fha loans are popular with first-time buyers because they require a down payment of just 3.5 percent of the purchase price of a home. Now. or they are applying for the loan.
You don’t need a 20% down payment to purchase a home. Review popular low- and no-down payment mortgage programs and get a complimentary mortgage rate quote.