Can you buy a house without down payment ?

Question

condos, apartment........... anything

Answer 1

Not that I’m aware of

Answer 2

You can if you are a veteran through the VA

Answer 3

There are certain scenarios where you might purchase a house with no money down.

#1. VA mortgage loan

Apply and be approved for a VA mortgage loan. You must have a sufficient amount of funds available to pay for the closing cost and the start of your impound account.

You must be a United States military veteran and eligible to apply and be approved fro a VA mortgage loan.

#2. USDA mortgage loan

This mortgage loan is for the purchase of houses in the rural areas of the state. Again you would be required to have sufficient funds to start your impound account and other closing cost.

#3. All cash

You would be able to pay all cash for a house. You would not pay the cost of the house in increments. You would provide all the funds necessary to close the sale transaction to include any closing cost.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"

Answer 4

If you are a veteran, you can get a VA nothing-down mortgage. Mortgages are available with no down payment in selected rural areas through the USDA loan program.

You cannot just walk into these with no cash, however. You must shoe that you have the cash to cover closing costs, and you must pre-pay the first year's property tax and have a paid-for homeowner's insurance policy at closing.

Answer 5

You can if you are a veteran through the VA

Answer 6

VA loans might finance 100%

Answer 7

If you are a Veteran or if you use a USDA rural home loan. These are the only 2 types of loans without a down payment. You still have to pay closing costs though.

Answer 8

Normally......No.

However, Veterans may qualify for a VA Loan which has no down payment requirement and some people who purchase out in the county may qualify for a USDA loan which has no down payment requirement.

However, for most people, FHA loans have the lowest down payment requirement at 3.5%.

Answer 9

Yes you can. Assuming you have enough money to buy the house.

Answer 10

Usually no, but there are some programs where you can if you qualify, like VA (military veteran's) loans.