If for some reason your VA elgibility is not available you may be able to find a lender offering USDA rural housing loans whicjh are also zero down in qualified areas, For a detailed list of USDA eligibility check out the USDA website at : http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do
Good luck with your home purchase!
Don't be discouraged, there most certainly IS a way to do this if your credit is good. I just got a loan with the USDA (yes, it's a gov't loan). It provides 100% financing, NO PMI, and often your closing costs can be rolled in. The interest rate can't be beat either. The stipulations are 1. Your credit can't be shot 2. You have to purchase a "qualified" home. Where I live that covers just about every house, but that probably varies.
Just Google "USDA Mortgage" and look for a link that ends in .gov You will find all the information there. You will need to contact your local Rural Development office to inquire but there is a search feature there to find it.
Sure sounds like you can to me. I recommend Rita Single @ Peoples First OR call 850-769-9999, which is Tyndall Federal Credit Union, ask for the mortgage department and talk to them about buying yourself a home. OR speak to a home loan officer where you bank I'll gladly accompany you, if you'd like.
If you have time you could speak to more than one lender, just to compare and hear more options.
I know of foreclosed homes that are now owned by the Office of Veterans Affairs and I bet you could buy one of those!
Talk to your lender! Call me if you need me in the mean time...850-814-3173
Lending institutions, are not so open inded- these days 20% invested is the norm.
Mott Kornicki, Broker/Associate
Aventura // Bal Harbour // Sunny Isles Beach