There are many low and no down payment programs available as stated before. If you are looking in Hillsborough County, try the link below particularly the HOME and SHIP programs. Most programs will require you to have some of your own funds, but in the current market there are many sellers willing to contribute to closing costs.
Hope this helps
FHA also offers low down payment option. VA loan, if applicabale to you. Grants through programs such as Nehemiah. Some of the larger banks do have loan programs for no down payment for select groups.
Realtors can often recommend loan officers who have knowledge or expertise in certain areas or types of loans.
Both require that your agent negotiate a contract to purchase that provides for the Seller to pay all closing cost up to 6% and the seller to make a 3% contribution to the Ameridram Program or the American Family Fund gift program (Much easier to do in today's market)
American Family Funds, Inc is the administrator for the Dove Foundation, a 501(c)3 Non-profit charity that provides down payment assistance and/or closing costs that do not have to be repaid!
1. After pre-qualifying for a loan, select a home and make an offer contingent on the use of The American Family Funds Down Payment Gift Program. The average gift is between 3 and 5 percent of the purchase price.
2. The seller must accept the offer and agree to pay a fee($350) to American Family Funds,and make a donation of the 3% or 5% to the Down Payment Gift Program from proceeds of the sale. This fee is applied to the Dove Foundation's gift pool.
3. American Family Funds makes the gift available at the time of settlement, and the funds are applied to cover your closing costs and/or downpayment obligations.
Contact a lender and get a pre-approval letter for a loan that accepts gifts from AmeriDream.
Choose a real estate professional and begin your home search
Find the home youâ€™d like to purchase
Make an offer on the home
Once the contract is ratified, your lender will submit a gift application on your behalf to AmeriDream.
The Homebuyer will receive a notice of gift approval from AmeriDream.
Go to closing.
Lenders and real estate professionals will explain the home buying process to buyers, as well as the AmeriDreamâ€™s Downpayment Gift Program.
Buyers will need to be qualified for a loan that accepts gift funds, such as an FHA or conventional loan. Interested homebuyers should contact a lender or a real estate professional to begin the down payment assistance process.
Links to the program web site
Yes you can purchase a home without any down payment. There is a rural housing loan (see link below) that is 100% financing. Many many years ago I used to help buyers get into homes with $300 which was for the appraisal. It can still be done. Also, as others have mentioned VA loans are 100% financing. Nehemiah and other non profit programs also offer 100% financing. Don't forget that occasionally a seller will be willing to hold a 20% second mortgage. If the bank will give you 80%, you are ready to go.