Hi! There is STILL a possibility for no-money down financing, depending on the area you are looking at! One major benefit of purchasing NOW (versus lease-purchase), is that you can then take advantage of the $8000 first-time homebuyer tax credit! (You have to settle on your home before 11/30/09 to take advantage of this credit!) Rates are still great! I'd be happy to also discuss with you further some other options that can assist with closing cost help (in the form of a 'soft second' mortgage), which can be repaid upon sale of the home. It is a GREAT time to buy, and I'd be delighted to spend a few minutes with you on the phone or in-person to answer your questions and give you more details on this information! (TOO much to explain fully in a post!)
Best wishes to you as you consider purchasing a home! - Fri Jun 5 2009, 08:28