Yes it is. If you or your spouse have been in the military or currently are, then you qualify for a VA no money down loan. 3 percent down with a Fannie Mae Homepath loan, but there are a lot of restrictions, and you can only purchase certain properties. Most commonly used is a FHA loan with 3.5 percent down. Sellers do offer closing costs credits, if not my lender does offer closing cost credits.I suggest contacting my lender Brian Shaw directly at 858-356-4005 for questions regarding loans.With his professionalism, honesty and attention to detail along with his knowledge of finance,he is ranked at the top in volume of sales in the United States.If you have any Real Estate questions other then loans,feel free to contact me.
Real Estate Consultant
Pacific Sothebyâ€™s International Realty
San Diego, Ca