According to the MLS listing the property is being sold "As-Is". I've spoken to the Listing Agent before about this property and got the lockbox code so anytime you want to go see it let me know. firstname.lastname@example.org or 413-657-7159.
There are def, mortgage programs available now that do not require 20% down. FHA has a minimum of 3.5%, Mass Housing has minimum 3% and if you qualify 100% financing is available. USDA loans are 100% financing - there are some criteria needed for these loans but most mortgage consultants will go over all your options at no charge.
Feel free to contact me if you would like a free consultation.
This cute little house is in pre-foreclosure and is being marketed for as a "Short Sale" which means the owners owe more on their mortgage than they can sell it for. If you could get it for $75,000, it would be a fantastic starter home!
With the mortgage rates low, and terrific first-time homebuyer programs, you and your fiance should ABSOLUTELY investigate the possibility of purchasing a home!!!! I think you will be very surprised!!!
Feel free to contact me if you'd like to disuss this further!
RE/MAX Signature Properties