Question Details

J. Casella, Home Buyer in 90036

Is it possible to get a zero down mortgage on a $100K home with excellent credit and high income?

Asked by J. Casella, 90036 Wed Mar 4, 2009

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Answers

2
Not Anymore.

Unless your a Veteran, 100% programs are gone.

USDA offers a program for 100% but there are strict income guidelines.

Remember FHA still will let you put down only 3.5% and allow the seller to help with most closing costs :)
Web Reference: http://www.myallied.net
0 votes Thank Flag Link Thu Mar 5, 2009
Very possible if you are a first time homebuyer. There are federal and, often, state level programs to help first time homebuyers who do not have a downpayment.
0 votes Thank Flag Link Wed Mar 4, 2009
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