Buying A Home With No Money Down at Buying

Buying A Home With No Money Down. Today, some loans let you put down as little as 3%. Get a mortgage loan for 90% of the purchase price, and make payments to the seller on a second mortgage note for the other 10%, and you have a no money down deal.

Currently, the two types of loans that allow you to buy a home with no money down are usda loans and va loans. When a seller has had their home on the market over a longer period, they’re more likely to be interested in the rent to own arrangement with buyers. Sellers may only be willing to do this if you pay full price or close to it.

Today, some loans let you put down as little as 3%. But in any case, there are times when it makes sense to eliminate that down payment, so let’s look at four ways to do it. In fact, i would like to respectfully suggest that if you need to buy your home with no money down, you may have a more general problem with your finances that needs to be worked on first. There are even programs that allow borrowers to buy a home with no money down.