Find yourself a great mortgage advisor and ask about FHA and USDA loans - surprisingly most of Connecticut qualifies for USDA financing.
You will need to get pre-approved before any agent will take you out looking for homes that you can afford to purchase, plus, you will also be in a position to put in an offer immediately on a home that you like.
Good luck and if you need any further information please do not hesitate to contact me
100% finance is "thing of past"
You receive annual tax benefits owning a home,
National Featured Realtor and Consultant, Texas Mortgage Loan Officer, Credit Repair Lecturer
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FHA financing is out there with 3.5% down (for qualified buyers).
Today's mortgage market requires a down payment in most cases. If you qualify and the home will qualify, you can purchase with an FHA loan with as little as 5% down. it is a good idea to talk to a lender that has these programs available to see if you qualify.
If you are seriously considering purchasing a property your position would be one of more substance with a purchase contract accompanied by a deposit, a letter for pre-approved funding, and an aggressive closing date.
Offers are sometimes written in a manner that allows a deposit to be submitted after the purchase contract is agreed to. Some agents and their sellers refuse to consider an offer without a deposit accompaning it, considering it an insincere effort.........