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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2
Esther,

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.
Web Reference: http://www.teamlynn.com
0 votes Thank Flag Link Wed Nov 28, 2007
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
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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.
Web Reference: http://www.wagneriteam.com
0 votes Thank Flag Link Tue Nov 27, 2007
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