Barbara is dead on with her post. I also recommend the 100% USDA loan program if you can find a property that is within the USDA eligibility area. I have attached a copy of the USDA link so you can search for a specific property address to see if it qualifies. Just like Barbara suggested, I would get in contact with a local lender in your area that can look at USDA,FHA and VA financing to see what program can best work for you and the property you are intersted in. Have a great day and good luck with your home serach!
On the other hand, qualified Veterans can use their VA for 100% financing. And veterans with a 30% or greater VA connected disability can get a below-market rate through the Texas Veterans Land Board.
The State of Texas also has down payment assistance through several bond issues.
Finally, although FHA requires a 3.5% down payment, you can use gift funds from family members for that amount, and even the closing costs and prepaids.
So much of this advice depends on your income, credit scores, etc., so I suggest contacting a licensed mortgage loan officer for help. I can be reached at firstname.lastname@example.org
Barbara Coker, NMLS# 228545
Find a lender who can qualify you and tell yo what areas qualify. You may also be able to find some HUD owned homes that qualify for just $100 down.
Best of luck to you.
REALTORÂ® | Mortgage Broker
Keller Williams Realty | 360 Lending Group