If you are an owner-occupant (not an investor), HUD will give you 2 weeks for your due diligence including any inspections you'd like to have at the property. Also, if you use financing (instead of paying cash), you would be allowed to cancel the contract and receive your earnest money deposit back if you are denied the loan. In most of other cases, your earnest money deposit would be retained as liquidated damages.... more
Start by visiting with any qualified loan officer--there are other factors besides credit that determine mortgage qualification; after reviewing your overall financials, credit, debt, etc., your loan officer can make determination on qualification; be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously.... more
There's the FHA program that you can purchase a home with 3.5% down.
The seller will pay up to 3% which is enough for the closing cost.
You will have a choice to do a home inspection.
If you decide to do a home inspection that will be paid by out of pocket by you.
As well for the appraisal.
Best bet is to talk to a direct lender like your local bank, credit union, or broker for a firm answer.
Keep us posted with your progress.