do they have any programs out there that offer no down payment and not put it on the end of the loan is that?

Asked by India Lawrence, Decatur, GA Wed Jan 14, 2009

even such thing

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Voices Member, , Benton County, OR
Wed Jan 14, 2009
India, Go to this link...
Select the state you are interested in and it will lead you to Hud homes for sale and explain which homes qualify for $100 down program ect..

You can go here and see all the current gov. loan programs.....…

Check out the rural home loans as they have some interesting features.

Good luck, Dunes
1 vote
Hank Miller, Agent, Alpharetta, GA
Sat Jan 17, 2009
India -

Solomon kicked out some useful info for you, he is correct that programs still exist for homebuyers. Check with him and check with a few mortgage folks and see whatr develops.

0 votes
Marty S, , Irvine, CA
Wed Jan 14, 2009
A USDA Rural Housing Loan could work for you. It all depends on the area, your income, and where you are willing to buy.

If I can be of further assistance, please feel free to contact me below.

Martin Smith

Precision Funding
877-238-6324 Ext 704
877-238-6324 FAX
0 votes
Solomon Gree…, Agent, Duluth, GA
Wed Jan 14, 2009

I make it a point to try and keep updated on on most of the available first time home buyer programs in Metro Atlanta and write about them on my blog (see link below). In fact, I just attended an affordable housing seminar over the past two days and will soon be updating the blog with that information.

What's currently not displayed (some are expected to be funded over the next couple of weeks):

*A program that will take match your deposit five-to-one. If you put in five hundred dollars, this organization will multiply it by five, so that your total down payment toward a purchase could be $3,000.

* Information on new home communities that offer their own down payment assistance

* A program for city of Atlanta buyers that offers a $10K grant

* A program that will offer 20% toward the down payment.

As you should now be able to see, down payment assistance for Georgia first time home buyers still exists. Why not call today to find out more?

Solomon Greene
REALTOR® / Consultant - Keller Williams Realty Atlanta Partners
(678) 775-2677
0 votes
Scott Godzyk, Agent, Manchester, NH
Wed Jan 14, 2009
India your best bet is to meet with a local and trusted mortgage broker. you can get prequailified at no cost. they can tell you what programs you quailify for. Stay away from the internet lenders.... There are some programs out there but you need to quailify, the local loan officer is your best choice. Good luck with your search
Web Reference:
0 votes
Kenneth Neal…, , 30294
Wed Jan 14, 2009
Due to economic conditions, there are very few loan programs that offer a "no money down" home loan. The only one's that are similar to those loans are the one's offered through your county. Dekalb County still has a program similar to the "no money down" programs. Hud has a $100 down loan program. FHA loans have low down payments and low closing costs programs. The best thing for you to do is to speak to a Loan Officer to see what programs may be good for you. In the meantime, you can visit Dekalb County website at for more information on their first-time homeowner programs or visit for info on FHA Loans. Feel free to email me at if you have any more questions or need further assistance.

Thank you,

0 votes
Lorie Gould, Agent, Duluth, GA
Wed Jan 14, 2009
James is accurate. If you are a first time home buyer then HUD is your ticket. They will pay closing cost on your behalf so you can close with just $100. Not every Realtor is HUD certified as HUD homes are not on a normal lockbox system. There are several Realtors who answered your question that are including myself.

The next best program is 3.5% down and that is an FHA loan. Unless of course you are a veteran and are VA approved.

Best of Luck!
Web Reference:
0 votes
Debi Prosek, Agent, Green Bay, WI
Wed Jan 14, 2009
There are USDA Rural Development loans out there that do not require a down payment. You must purchase a home in a rural community of less than 10,000 in population and there are some select areas with a population of 10,000 - 20,000. Your lender should be able to provide you information on this program. To determine if a property is considered to qualify you can go to the website in the web references.
0 votes
Diane Menard, Agent, Marietta, GA
Wed Jan 14, 2009
The HUD is a great program and you can also check out NACA. They have a 100% program with no down payment and no closing costs. Visit their website at and if you need any further information on either program to please let me know.

Diane Menard
RE/MAX Unlimited
0 votes
James Dudley, Agent, Suwanee, GA
Wed Jan 14, 2009
If you are a first time home buyer you can purchase a HUD home and take advantage of their $100 down program.

This will be one of the best options for you to consider at this time. If you want some more information on HUD homes and how to qualify feel free to contact me.

James Dudley
ERA Sunrise Realty
0 votes
Dallas Texas, Agent, Dallas, TN
Wed Jan 14, 2009
NO MORE 100% financing thing of past. You will need to show mortgage broker means for downpayment, loans are based on credit scores, debt ratio, employment history. Contact a loan officer who can reveiw all programs made available to you. NOW is a great time purchase a home interest rates low, foreclosures, annual tax benefits. You can request seller make a closing contribution placed in your sales offer.
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