Buying A Home With No Down Payment

Dated: 05/15/2014

Views: 4474

Did you know that there are ways to purchase a home with out putting any money down or even very little money down! It's true.... Spread the word!

Options
There are a few options that are typical such as The VA Loan-If you are a Veteran you could qualify for a zero down loan through the U.S Department of veteran affairs. You will still need to be approved for the loan by doing credit checks, paperwork verifying your Veteran status, and the right income. This is a great program that is offered to our Veterans!
There is also another type of zero down payment loan called the USDA Loan-This loan is provided by the United States Department of Agriculture. There are different types of this loan, two popular types are the Single Family Direct Home Ownership Loan-Which is meant for people purchasing a manufactured home such as a mobile home. For this type you must also meet certain income requirements that are based on the particular area. The second more popular type of this loan is the single family guaranteed homeownership loan-for this loan you must be below 115 percent of the income in which you wish to purchase a home. Courtesy of http://www.zillow.com/mortgage-rates/finding-the-right-loan/zero-down-payment-mortgage/
Another great way to buy a home with zero money down is through a Down Payment Assistance Program! Right here in our very own Dayton, Ohio! There are several areas in and around Dayton that are offering these programs now that the Great Recession is ending! Some areas include Kettering, Ohio, Trotwood, Ohio, and West Carrolton, Ohio! Call me today if you are interested in looking into these programs #937-604-7943
I'm available 24/7 for all your Real Estate Needs!
E-mail me at Kristan@realtydayton.com
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David Cooper

Real Estate Broker....

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