Home Buying in 89429>Question Details

Laura, Home Buyer in Silver Springs, NV

Is there any other way to buy a house without a 20% down?

Asked by Laura, Silver Springs, NV Thu May 17, 2012

I live out of state right now but plan to move to Nevada and would love to buy a house first so I have some where to stay when I get there. But I have to spend most of what I have saved for moving. I have good credit but no down payment. Is it possible to buy a house without down payment? I have been at my job for over 2 years and will be transferring so I will have a job when I get there.

Help the community by answering this question:


Nevada has several low down payment options please goto http://www.workforce-resource.com/eligibility/consumer?w=Cus…

Answer 8 simple question and the site will give you a list of possibilities.

Chance Gates
Realty World Ballard Co
145 Brinkby
Reno NV 89509
0 votes Thank Flag Link Thu May 17, 2012
Congratulations on your move and job transfer. Contact a mortgage broker in your new hometown or your bank if they loan in the new location. Besides the 3.5% FHA and the USDA loans, there are some bank owned that qualify for Home Path loans with only 3% down.
In todays market, it is usually less expensive to own than rent. Go for it!!!
0 votes Thank Flag Link Thu May 17, 2012
There are lots of options including an FHA backed mortgage with only 3.5% down and even USDA loans with 0% down. Talk to a local mortgage banker and see what can be done in your particular set of circumstances. Now is a GREAT time to buy a house, don't let the opportunity pass you by.
0 votes Thank Flag Link Thu May 17, 2012
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