Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#1
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Deposit
Just wondering if it possible to buy a home without a down payment?
Looking at homes without bonds |
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#2
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Do you mean a mortgage with zero down payment? Not likely . . .
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. . .there is nothing better for people than to be happy and to enjoy themselves, and also that everyone should eat and drink, and find enjoyment in all his toil. . . Ecclesiasites 3:12 |
#3
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yes.....
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#4
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VA is no down if you are eligible.
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#5
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what is your lender saying..i think when you are preapproved you would get a better idea
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#6
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When I bought my townhouse in suburban Chicago in 1998, I was a first time homebuyer. Since I was a first time homebuyer, Citimortgage (my mortgage company) had a special program for first time homebuyers. I bought with a 2% down payment, and I had to attend a series of classes for first time homebuyers explaining the responsibilities of being an homeowner versus a renter (like having to call the furnace repair company at 9:00 pm on a Friday night when the furnace goes out and then having to write a check for $200 for the repair; that really happened to me about 10 years ago ). I had to pay PMI (private mortgage insurance) for about the first 3 or 4 years of my mortgage until I hit 20% equity in my home which required an appraisal of my house.
I don't know if you are a first time homebuyer or not, but you may want to check into that. With all the mortgage turmoil of the past few years, I don't know if first time homebuyer programs even exist any longer. You may also want to inquire about seller financing. I have seen a few homes listed for sale in The Villages where the seller is offering seller financing. |
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