Question:

First time buyer calify for 0 down?

by Guest57052  |  earlier

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First time buyer calify for 0 down?

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  1. www.getdownpayment.com/

    Not going to be around much longer.


  2. NOT REALLY

    underwriting standards have tightened

    FHA requires minimum 3% down payment

    If you have 0% down, you have 0 ownership of home, and if housing prices continue to decline, then you will owe more than your home is worth. . . so banks think you're a BAD risk. . .and the onew who will loan to you are sharks who will charge very high interest rates and help you get in over your head

    WAIT

    Build your credit

    Save for down payment

  3. I don't know if you have read about the mortgage problems lately but a lot of foreclosures are due to "no money down" mortgages.  Rent and save money for a down payment.
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