How to buy a House with no Money
Are you looking to purchase a home? Great you have come to the right page. In a previous blog post, I explain how to buy a home. Here I will talk about how to buy a house with now Money. There are a couple of loan programs that offer no money down. Let’s take a look at the various programs that are available.
Apply with a local loan officer to buy a house with no Money Apply online to see which no money down loan program you qualify for. If you are purchasing a home in or around the Woodbridge VA area contact a local loan officer that can offer all the different no money down loan programs. Also, your Real Estate Agent can help point you in the right direction.
If you are a Veteran or are in the service you should have eligibility for a VA loan. A VA loan is one of the best loans currently available. There is no money down for a VA loan and there is no mortgage insurance. Every area has different VA loan limits. This area has relatively high loan limits and currently, in 2017 it is at $ 636,150. You can also have multiple VA loans with no money down once you exceed the limit there will be a down payment.
There are different options for VHDA conventional and FHA loans. The lender can tell you which one you qualify for. This is a great first time home buyers loan program that offers no money down loans to anyone that doesn’t have VA eligibility.
In certain rural areas, there is a zero down payment loan available, backed by USDA
If you are interested in a loan with no down payment and to purchase a home with no money you should apply online to start with.
Your Real Estate Agent Claudia S. Nelson