Financing in Brownsville>Question Details

Esther Villa…, Home Buyer in Brownsville, TX

What is the best kind of mortgage arrangement without a downpayment?

Asked by Esther Villarreal, Brownsville, TX Tue Nov 27, 2007

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This will normally depend on your credit profile. Ask your realtor for a good lender referral and they'll walk you through the process step by step. There might be a number of different ways to accomplish this depending on your credit, the price of the house, the appraisal value, etc. You might be able to have the seller contribute, get a community grant, or use straight 100% financing.
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0 votes Thank Flag Link Wed Nov 28, 2007
Bruce Lynn, Real Estate Pro in Coppell, TX
Look into FHA and Seller Assist downpayment programs. Somtimes there are programs that will loan first time home buyers the down payment - for a small monthly payment. You should interview a few local lenders to see what options are available in your area.
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0 votes Thank Flag Link Tue Nov 27, 2007
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