brumama, Home Buyer in Salt Lake City, UT

What are the chances of getting a loan for a house without a down payment?

Asked by brumama, Salt Lake City, UT Tue Oct 16, 2012

Help the community by answering this question:


There is currently a program available with zero down, and you can roll your closing costs into the loan. But it could go away soon. They tried to cancel it, then postponed the cancellation about two weeks ago. Find a great Realtor (**me raises hand), get a home that has a fast closing deadline (i.e. not a short sale in the initial stages), and find a lender that is approved to offer this type of loan.

You do not want to get stuck in a long term short sale if looking to do zero down on a home right now because the program could go away before you have actually gone under contract. You want to get something that is a good deal, and can close as soon as possible.
0 votes Thank Flag Link Tue Oct 16, 2012
More than likely you will need some type of down payment could be minimal, I have seen over the years with my expericene seller financing is one option to look for in some cases they might want less down . Also their are many low or no money down loans out there. The loan officers I work with at Wells Fargo can help get you the very best loan possible if you would like more information please give me a call 801-815-1538
0 votes Thank Flag Link Tue Oct 16, 2012
That's a great question! Utah has a program that is through Utah Housing Authority to help buyers purchase a home. I know of a fantastic lender that you must speak to if you'd like to go that route. He can answer all of your questions and put you at ease with the process. Speaking with a lender is your first step. His name is Brandon Tripp with Axiom Financial and he is the best! Let me know if you'd like his number.

Scott Hodges
Exit Realty Success
801 330 9368
0 votes Thank Flag Link Tue Oct 16, 2012
Really easy! We have all sorts of 100% no down options that we find for our clients. I am a realtor and not all lenders have them...but I know of at least 3 different no down options currently for buyers (even if you are not a first time home buyer)

Start your search for homes at and we can talk more about your lending options

Justin Critchfield
Century 21
0 votes Thank Flag Link Tue Oct 16, 2012
Your chances are excellent. Especially these days. There are special loans and grant monies available. I would be glad to walk you the process. It's easy. I help my clients do these kinds of purchases on a regular basis. Call me.
Brian Hayes
Horizon Investment and Management
0 votes Thank Flag Link Tue Oct 16, 2012
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer