Home Buying in Gibsonia>Question Details

Sdaoud, Home Buyer in Gibsonia, PA

Can I buy without paying down payment. ?

Asked by Sdaoud, Gibsonia, PA Tue Jun 21, 2011

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Most lenders require approx. 3.5% as down payment or more

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
0 votes Thank Flag Link Tue Jun 21, 2011
Only with a VA (Veteran's Affairs) loan
0 votes Thank Flag Link Tue Jun 21, 2011
Most lenders require approx. 3.5% as down payment or more

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
0 votes Thank Flag Link Tue Jun 21, 2011
NO. The days of zero down payment are long gone. But some areas do offer down payment assistance (in the form of a 2nd loan). But why would you want to put nothing into a home purchase? What happens if property values drop...leaving you under water? Most lenders are asking for a minimum of 3.5% down for an FHA loan.
0 votes Thank Flag Link Tue Jun 21, 2011
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