Looking for a loan with zero or low down
Are there lenders who offer loans with zero or low downpayment? I want to purchase my first home buy I don’t have enough saved for a 20% down payment. I have good credit and no debts. I have been working in the same company as an IT programmer for the past 7 years. What are my chances of getting a loan? by jordan842 from Buffalo Creek, Colorado. Aug 24th 2022
John Burke (jburke)
#27 ranked lender in Texas - 321 contributions
Hi Jordan842, Yes there are options for zero down (depending on where you want to live and your income) as well as options with only 3 to 5% down.| John Burke | Senior Mortgage Banker | Lending in ALL 50 states |Stride Bank | jburke@stridebank.com | (877)228-9069 | NMLS# 787231 |
Dave Skow (daveskow)
#15 ranked lender in Washington - 455 contributions
1) VA loan allows zero down if you are or were in the service 2) USDA loans available with 0 down for proeprties in some rural areas 3) there are conventional loans that allow 3% down and you can get the funds from realtives as a gift 4) FHA loans allow as low as 3.5% down 5) there are a number of " down payment assistance " programs avaialble as well
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