V.A. and USDA loan programs still exist, if you qualify. These are the only 100% loans. Everybody else is bringing 3.5% minimum to the table. Suggest a financial evaluation to put you on a plan to be ready to buy a home in the next 1-2 years. It's great that you didn't quit the day job and the business is taking off. If it's paying for itself in the first year, that's a great start for a new business. So, you appear to have some business savvy.

I suggest contacting my friend, Rodney Anderson at Rodney Anderson Lending Services. 1-800-express or 972-985-5208. He has a great seminar coming up in Dallas this Summer called 'Saving your Financial Life', which we just attended earlier this month in Fort Worth. As a result of that seminar in Fort Worth, we are now working with people who didn't think they could qualify to buy a home, and we put others on the path to get there in the next 6-24 months. http://www.rodneyanderson.com is the website.
Have a blessed day!
Ronda


Ronda Allen, Realtor, Certified Purchasing Manager
Keith Dobbs Team at RE/MAX Dallas Suburbs

Eco-mom

3.5% down is the minimum these days.
I know a lot of people are taking a loan against their 401k and paying off that loan with their $8000 tax credit. Loan programs will also take a gift from a family member as acceptable funds for down payment.
First things first!! Get pre-approved with a Mortgage Lender and see where you stand.

Let me know if I can answer any follow up questions!

Tom Burris
DallasLoanGuy.com
214-763-4629

80/20 or aka 100% loans are "thing of past"

You would be required have 3.5% or more as a downpayment based on your credit scores and type of loan.

Recommend for you contact a mortgage discuss your options. You will need 2 years worth of income or employment status of 2 years.

Good luck now is a great time purchase a home interest rates are low.

– Lynn911
National Featured Realtor and Consultant, Mortgage Loan Officer, Lecturer regarding Credit Repair