The most common loan being used in the Spotsylvania area is a FHA loan which requires 3.5% of the sales price down, however a lot of Spotsylvania, Caroline and King George all have $0 down loan programs ( USDA and VHDA) and of course if you are eligible for a VA loan that is also $0 down.
Another fee to keep in mind is the costs associated with closing on a home which will most likely be at least a couple thousand dollars. It use to be common to ask for 3% of the sales price in closing costs assistance, but with our local market being so strong it is starting to change.
Another challenge is going to be finding a home around $100,000, while it is definitely possible there is a limited amount of inventory at that price range. If you have any additional questions I would be happy to answer them.
Realty World Select
1171 Central Park Blvd #200
Fredericksburg Va 22401