My hunch is that most of those websites claiming "no-money-down" offers are indeed a scam. But I do perform appraisals for several of my legitimate lender clients that offer 100% financing. It is rare these days, but not unheard of. I just did an appraisal this week for a highly recommended client of mine, Seth Cohen of Heritage Home Funding (link below), that was 100% financing. Your situation may warrant a conversation with Seth. At the very least he will have an honest, straight-forward conversation with you about your options. He's the expert on the subject, not me, but I know it does exist and 100% financing is definitely an option for buyers in similar situations to yours. If you drop him a line, please tell him I sent you. Good luck, and DO keep your hopes up, it may very well be worth the effort.