Lauro
Qualifying will depend upon your income, debt and credit score.
One way to obtain 100% financing is to qualify for Ameridream, American Family Funds, or a County Bond issue. There may be a few more programs available in your county. A local Realtor can direct you to lenders that offer these programs. Not all lenders will offer all the programs so you may need to talk with several lenders.

Best of luck.

Sorry Lauro, 100% financing on conventional loans doesn't exist anymore. We're in a credit crisis.

The easy way to figure this out ......online info is great!! BUT for a first time buyer you need guidance and repetition. There is so much info to be used. I know of great first time programs with the county 25,000 0r more towards down payment. Many programs available.

Hi Lauro, It's nice that you are asking questions to learn all you can about buying your first home. All the information below is very good. You can find additional information on my web site listed under "First Time Buyers"
Good luck with your purchase,
If you need help don't hesitate to ask any one for help.

Lauro, there's a good chance you could qualify for a 0 down home purchase. It all depends upon your credit score, income and debt. I've helped a handful of homebuyers purchase with no money down already this year. The good news is that the FHA program allowing for 0 down is more forgiving of your credit score as well as ratios (monthly payment as a percentage of your income). Definitely, speak with a lender...and make sure it's one that works with FHA, because not all do. If you don't have a lender and need a good referral, I'm happy to help!

Lauro, as a first time home buyer there are programs available to you. They do have various qualifying criteria though so you need to speak with your lender about these. If you do not have a lender then ask your real estate agent. You need to be pre-qualified before you begin your home search so that you can find the right house that meets all of your requirements. Talking to a lender will let you know what costs you need to pay to get the loan and what interest rates and terms are available to you. A good Realtor will be able to work with you all the way to a successful closing! Good Luck in your new home search!