I wont to get a home loan but i have no money for a down pay met. do i have to put one down?

not always, but these days loans without a down payment are only going to people with a spectacular credit score

no, so long as your credit is good you don't always have to put a down payment

if u have excellent credit u can qualify 4 a zero cash mortgage

No but you better have some damn good credit.

Some banks will let you get a mortgage with sero down. Don't forget to plan for all of the extra's that come with buying though... lawyer fees, land transfew taxes, etc. That can easily tally up to a few thousand at the least.

Save up to pay out a down payment. It works out better in the end.

You can get 100% financing. Just shop around and wait for the right mortgage company that best suits your credit.

most financing co. require some sort of down payment and it depends on your credit.

Most states offer grants that can be used towards downpayments and closing costs.

Depending what bank you are using. You should do some more research on line because there are several programs out there that will help you with the money down and closing cost as well. Go to the HUD website, there is tons of information on how to get these federal and state grants. Good luck!

yes you do.maybe you should consider waiting to buy a home if you know if you say you cant afford one.But yeah get a loan , it will be worth it if you really desire a home.Good Luck , Hope i helped

Go to the public library and order one of the course manuals on buying property with no down payment

Fannie Mae.

Depending on many things your credit score if you have fixed income or stated if you have 3 mths reserves. ect..

These days you pretty much do. There are 100% loans out there, but if you don't have a downpayment saved up, then you really are not ready to buy a house.

Instead, start saving up how ever much you expect to pay for principal, interest, insurance, and taxes each month. SAVE it EVERY month. Once you've done that for 10 to 12 months you will know for sure that you can handle the payments and you will have your down payment.

Note that you will also need some money for closing costs and all the little things (drapes, sod, washer, dryer, fridge, etc.)

Don't buy a house until you're ready. It will be a curse instead of a blessing.

on credit,or personal, do you know the seller well enough to have a hidden down payment. do you have lead way. ex; house worth x amount of dollars,seller taking less,you show the greater amount and the diff will be down payment. got it? seller gets his money and you show equity. house worth $250,000 seller takes $200,000 you show a $50,000 down payment. I wonder if this is legal. check it out

The mortgage meltdown has made many look at their ways of allowing loans. If you can't save the money for a down payment, how will you afford the closing costs, taxes and upkeep?
Your interest rate will be sky high, and their terms will not be favorable for you for long, balloon payments and interest increases after the teaser rates are history are whats caused this meltdown.
Do everything in your power to save for a home, it will save you thousand in the long run to have at least ten thousand to put in for costs. Buy less of a house than you can afford too, that way if the market continues to sink, you won't be afraid to wait it out because you can afford it.

I notice the only thumbs down here are for the ones that council waiting, or not getting a zero down loan.
We may be the only ones with homes and the real day to day knowledge to tell you the truth.

There are a lot of mortgage programs out there that do not require any money down. A good realtor will know of mortage companies that are doing this. NOTE: you still have to have money for utility deposits, curtains, incidental items. You need to be able to rent a truck if necessary and pay someone to help or get someone to help for free. No money down does not mean you will not have any expenses. I have a friend who purchased a house no money down and didn't have the money to move because he didn't think there would be "any" expenses. It usually takes a month or two to get your rent deposit back and a lot of landlords play a game of getting out of giving it all back or any back. GOOD LUCK.

There are no down loan programs becoming available again, but unless your credit score is great, your PMI may be a deal breaker. Check with a local mortgage lender that can steer you into a program that suits your needs.

V.A. loans and FHA allow for a person to buy with no money, and credit does not have to be outstanding for either of these.

It is always recommended that you have some down payment though, and of course liquid cash reserves in case you get into a cash flow crunch or have unexpected expenses

Many new homeowners forget that if the A/C goes out and if the roof leaks, they need to have funds available for immediate repairs - not to mention tons of other expenses that do not go along with renting

In Florida, depending on the location, I can get you in a home with zero downpayment, with a long-term fixed rate that is competitive with VA/FHA and you don't need great credit either.

For more info, check out:

http://www.atlanticeloan.com/pages/100-p...

Good Luck,
Charlie Camp
Helping Floridians own a home for 24 years
Atlantic Mortgage
(800) 373-3130
http://www.atlanticeloan.com/default.asp...