It is possible to purchase a $200K home for as little down as $7,000. Also, it is possible to have the seller pay all of the closing costs.
My office is in Arroyo Grande, and if you would like me explain in detail how to obtain a home, get a list of available homes, and or have me show you homes you like, please give me a call at 805-471-0828 (I always answer the phone) or email me with any additional questions at David@Dnorwood.com
You can view all of the Available homes, in REAL TIME, on the Central Coast, on my web site.
It would also be a good idea to evaluate agents you might want to represent you and chose one early in your home search process. The agent you use is one of the most important factors leading to a pleasing and successful transaction so that is one decision that should not be left to chance.
The best thing to do is contact a lender and get prequalified for various loans to determine how much you would need as a down payment. Then hire a full time professional Realtor. The best advice will come from local professionals. Good Luck