Here is a home for $100 down.
That is almost as good as 100% financing , right?
And your monthly payment would be under $350.
Exit Realty NFI
Don't let any lenders try to tell you there is no money available, there is plenty. Many lenders do not want to do the program because it limits the profit because they cannot overcharge on the rate and/or lender related fees.
Also we have a USDA mortgage with 100% financing but it is more restrictive on the area you can buy and your maximum income allowed is also much lower than the bond program. Again, don't let a lender try to steer you away from the bond program and limit only to USDA. Lenders can make a hefty profit on a USDA or VA mortgage versus the State Bond Program so some less than ethical lenders will tell you either there is no money in the bond program or that you are somehow better off with USDA.
Hope this helps.
All the best,
There are a few options for you. They each depend on your personal situation. From rural development to SHIP or a combination, I would be happy to help you and get you to a range of homes within your budget. You can reach me at 850 390-6664. Check out my blog as well for some quick answers. Congrats on your decision to purchase.