– Local Down Payment Assistance Programs. Many state or local down payment assistance programs reduce or eliminate the need for a down payment. They are often in the form of an interest-free, "silent" second mortgage that doesn’t need to be repaid until the house is sold, refinanced, or paid in full.
Rural Housing Loan Eligibility Eligibility – Welcome to the USDA Income and Property Eligibility Site. This site is used to evaluate the likelihood that a potential applicant would be eligible for program assistance.
Or you can find down payment assistance programs that could allow you to buy a home with no money down. USDA and VA loans require zero down payment. FHA and Conventional loans need just 3.5% or less down, but 100% of the down payment can be a gift. This would make it possible to buy a house with no money down.
Do All Hard Money Lenders Require A Down Payment? No. – No Money Down hard money lenders? Why some hard money lenders require a down payment while others do not. And how to find those that don’t! 801-692-7703