Here are the requirements
2 years with the same line of work
3 years tax returns
Last two paychecks
must not make more than 70,000 per year
must live in the home
Must have around 1% to contribute of your own money
Text - Andrew - 954-394-7185
Speak with a mortgage professional who handles FHA loans. Your best bet may be the FHA 203K. As as been mentioned, find out if this property is eligible for Homepath financing.
I wish you the best of luck!
Stefanie Cohen, PA, ABR, SFR
Prudential Florida Realty
These are all good answers; however do you know if this home a "Homepath" property? Homepath is a government home-buying assistance program that has a lot of options for down-payment & repairs & renovations. http://activerain.com/blogsview/2240708/homepath-buyer-assis
The first step in buying a home is definately to check with a lender to see exactly where you stand & how much house you can afford. If still need lender advise or more info on the property you're interested in let me know. I will be happy to help. http://www.floridamoves.com/default.aspx?abrand=83260&ag