Great question and with the new banking regulations, getting a mortgage and financing is a little more complicatied, but with patience and a professional real estate agent, you can make the American dream of home ownership yours.
First step is qualification. It is important to know where you stand and what you can afford. Many banks and credit unions have easy to complete online mortgage applications. If there are any issues, now is the time to address them.
Next step is also with your banker - identifying a qualifiable mortgage package. In Missouri, there are conventional loans requiring as little as 5% down payment. There is also an FHA mortgage which only requires 3.5% down payment. This loan when coupled with the MHDC loan program could get you an additional 3% of your down payment. A USDA rural development loan requires no down payment, but the property must be eligible. VA loans are also 100% financing, but you must of course be a US veteran.
If you have a seller that is willing to pay some of your closing costs, this could also help alleviate large payments at closing.
As you can see there are many possibilities and options. That is why it is so important to start with a qualified real estate agent and your choice of banker or mortgage officer. I'd be happy to help you further and welcome a call!
Thanks again for your interest!