Financing in Stephens City>Question Details

Mike Llewell…, Home Buyer in Stephens City, VA

can you get 0 down financing?

Asked by Mike Llewellyn, Stephens City, VA Thu Feb 18, 2010

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5
Brent Cline’s answer
There are lenders here in town that can do a USDA loan, but as stated they have income limits. If you would like to contact me, I would be happy to put you in touch with them. 540-664-9130 or brentcline@mris.com
1 vote Thank Flag Link Thu Feb 18, 2010
The others have already mentioned USDA loans. I just want to add that you will still need money for closing costs and up front fees for inspections and some other things.
Talk to a loan officer and find out what you need and how much you qualify for.
Web Reference: http://www.gitabantwal.com
0 votes Thank Flag Link Thu Feb 18, 2010
You can also look into USDA loans. but they come with income restriction and property restrictions.
0 votes Thank Flag Link Thu Feb 18, 2010
Hi Mike

Only if you're eligible for a VA (Veteran Adminstration) Loan. If not currently active, need to have served in the military for a minimum of 3 years and received a honorable discharge.
0 votes Thank Flag Link Thu Feb 18, 2010
No that is thing of the past

Most home buyer would require approx. 3.5% or more as a down payment based on credit score, debt to income ratio.

Check with local mortgage broker for all options made available.

Lynn911
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Thu Feb 18, 2010
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