Is there any programs for first time homebuyers with no money down?

Asked by timex177, Bergenfield, NJ Tue May 29, 2012

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stephen webb…, Agent, Kirkland, WA
Wed Apr 10, 2013
Yes there are legitimate no money down options for first time home buyers. The key to researching them is the loan officer and lender you choose. Most loan officers and lenders dont offer the loans so gather up information before you choose your lender. There are a number of articles clairifying the loans and programs at Also the article Consultation Interviewing Loan Officers, will serve you well. And be sure you read article #9 about the MCC Tax Credit. The best tax credit ever. The lender you choose must be familiar with MCC and file before your loan closes. Gather up all of the objective information you can find than you will have the right questions when you interview loan officers and you will know the correct answers.
Trulia is also a good source for information and when your ready you will find loan officers and real estate agents from your area offering their services on Trulia. A good source.
Best of Luck, Stephen
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1 vote
Jeanne Feeni…, Agent, Basking Ridge, NJ
Wed Apr 10, 2013
While there are, I would just also say, be cautious and buy what you can afford so you don't end up in a heap of heartache.

Good luck and best,
Jeanne Feenick
Unwaverinig Commitment to Service, Unsurpassed Results
0 votes
Liz Santos, , Teaneck, NJ
Tue Nov 20, 2012
Call me about the NJHMFA programs, which can provide a forgivable grant for downpayment assistance. Google NJHMFA for more info. We participate in the program. I'll answer your questions.

good luck!!!
0 votes
Harriet Lewis, Agent, closter, NJ
Sun Jun 10, 2012
FHA programs usually involve a minimum of 3.5% down and there are other programs which may have lower downpayments. As I am a local area real estate agent with alot of experience, please contact me at any time to discuss this further and perhaps help you with more information. Please contact me at ay time: (201)467-5738.
0 votes
Jeanne Feeni…, Agent, Basking Ridge, NJ
Thu May 31, 2012
I can't help but add, while possible, do be careful. So many homeowners are in a heap of trouble from putting little to no money down and finding depreciating values putting them in a negative position.

Good luck to you,
Jeanne Feenick
Unwavering Commitment to Service, Unsurpassed Results
0 votes
Maria Gilda…, Agent, Manchester, CT
Tue May 29, 2012
Hello timex177,

Looks like you have gotten great responses and advice from the loan officers and a colleague in the field.

Good Luck.

0 votes
Joe Cordova, Mortgage Broker Or Lender, Marlton, NJ
Tue May 29, 2012
Here is a great online workshop for no money down USDA loans.…

Best of luck to you!

Joseph S. Cordova
NMLS # 146855
(856) 304-2381
direct fax (206) 333-0946
0 votes
Extremely helpful!! thank you
Flag Wed Jun 13, 2012
Albert Rapop…, Mortgage Broker Or Lender, Cranford, NJ
Tue May 29, 2012
There are several ways for a 1st time homebuyer to achieve 100% financing. Call me at 201-604-3485 and I will be happy to discuss.

Albert "Al" Rapoport
Branch Manager
Cardinal Financial Company, L.P.
Direct: 201-604-3485
Efax: 973-774-7026
0 votes
Ian A. Wolf, Agent, Morristown, NJ
Tue May 29, 2012
The best program still out there for 100% financing is the USDA Financing Program. The areas must be considered a USDA area(rural) to qualify. This site will help you get additional information:

Hope that helps.
0 votes
thank you so much
Flag Tue May 29, 2012
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