Hi Dion! I am a Realtor in Beaver County. There is actually a Beaver County Grant program as well as a PHFA Grant program ot those who qualify in addition to some of the other things mentioned. Please feel free to email me for more information. mhill@northwood.com

Like Bev said, use a USDA Loan will work for you. Baden is not eligible, but nearby Economy, PA is.

I am a Loan Officer. If I can be of assistance, please let me know.

Martin.Smith@Emeryfed.com

Martin

If you are looking to live in a rural area, no cities, you may qualify for a USDA loan with 0% down but there are income restrictions. With FHA you will need 3.5% down and can ask for up to 6% seller assist towards closing costs. If you are a first time home buyer you can now use I believe $5000 of the $8000 tax credit up front as down money. Ask a Pa. mortgage broker for details.

The lowest amount of down payment you can have is through FHA. A little over 3%. You can have money gifted from family or anyone else who will give it. Seller's assist can be up to 6% towards closing costs.

The problem is that you should have a decent down payment nowadays. What if house values goes down further than they are and you must move away. You will never get back what you paid for the home. And the cycle continues of homes getting foreclosed on or short sales happening.

Savings is the only best method of getting a down payment. That way, the problem we are in now can be prevented in the future.