Assuming that you are not a veteran, you likely have two main options:
1) USDA loan and property which limits your choices possibly, but requires no down payment
2) FHA loan with a local or state govt. grant to cover the down payment and/or closing cost requirements
I have a loan officer working for me that specializes in USDA loans and I could put you in touch with him if you wish. As far as the local grants, a realtor is your best bet for being on top of these programs. I could also give you a list of realtors that we have done business with in the past in your area if you wish.
I am available to help you at your convenience if you wish.
I also offer credit score improvement programs for free while we work on your mortgage.
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Robert L. Hanson
Gladewater National Bank
First Time Homebuyer Specialist
Direct: 240-752-7549 Cell: 301-651-7822
Rate quote or live chat with me at the link below:
The best way find out whether or not you qualify for a mortgage is to speak with a qualified loan officer from a reputable company. They can also tell whether or not you qualify for any first time buyer incentives (like a MSHDA loan). For a free, no obligation analysis of your particular situation, please call Joe or Ronya at John Adams Mortgage at 248-855-8800. Tell them Mark Mergener sent you.
Cell 248 935-0335
I am sure some lenders will chime in, but MSHDA did announce some new programs last week to help folks get in with low to no money down.
This does go without saying, though, with all due respect - instead of trying to buy a home now, saving up some additional money and/or building your credit will have a better long term impact for you. While myself and all other agents would love to sell you a home, we want our clients to have lasting happiness. Paying down any debts, building your credit score and having cash to customize your home will lead to lower payments, lower interest rates and higher satisfaction.