How can I buy a house if I have very little to use for a down payment?
402303
try USDA Rural Housing Developement
144218
Find a house that is priced below market value.  Make sure it is in a good location and that it doesn't need major work. Things like paint, carpet, landscaping touch ups are okay.  Figure out how much you will need to make the house nice in order to figure out your final asking price.  You'll make more if you sell it yourself.   Good luck.
1119470
You need to try a first time buyer loan, look for an ad that says something like "I can get you into a house for the price of a steak dinner", these ads are usually for real.  It is a government grant that basically garuantees your down.  Then get the sellers to pay the closing costs.
1165632
Contact a mortgage broker in your area first.  They'll set you up with a loan and preapproval.  Then you'll know what you can afford and then hook up with a realtor.  Don't go to the realtor first.  That's putting the cart before the horse.  If you're in California, I'd be glad to help you.  E-mail me at tom4loans@sbcglobal.net
146442
Buying real estate with literally nothing down is very very difficult.  It is possible, but you need perfect timing, and the perfect deal.  I have a client that was almost able to do it.  It would have grossed around 70k profit.  But at the last minute, he had to come out with $3-4k to cover a few costs.  (It's not no money down, but pretty darn low for 70k profit)  Don't buy into the late night infomercials.  Go get yourself some books on the subject.  And read them.  Then read them again.  Then... jump in.  You are always going to risk something.
990834
It's called a bridge loan.  Most lenders can help you.  The risk is obvious if your current house doesn't sell in a timely manner at a price close to what you expect
870726
Around 10% down, some banks, credit unions only require 5%... The more you have to put down the lower your monthly payments will be... You will also need, Lawyers fees which very in prices....\n\nFurniture depends on you... You can buy good quality second hand furniture, and save yourself up 90%
1012787
You can probably do it, but you'll have to shop around.  Most banks don't offer mortgages on unimproved land, but there's got to be a few that do - but the interest rates may not be so good!
353503
YOU CAN GO ON DUN AND BRADSTREET'S WEB SITE AND THEIR RATE ALL BUSINESSES.  BUT, BEFORE YOU BUY RIGHT OUT, IF YOU QUALIFY FOR A MORTAGE FROM THEM, THEN YOU CAN QUALIFY ANYWHERE.  CHECK WITH YOUR CITY OFFICE AND SEE IF THEY HAVE PROGRAMS.  IN COLUMBUS, OHIO THEY HAVE A PROGRAM WHERE THEY PAY THE DOWNPAYMENT AND ALREADY HAVE LENDERS THEY WORK WITH.  ALSO CHECK FOR FORECLOSURES, HUD, AND AUCTIONS.  YOU MAY GET A BETTER DEAL.  ALSO GO ONLINE AND SEE WHAT OFFERS YOU GET.  IF YOU FEEL WORRIED ENOUGH TO ASK ABOUT THEM, MAYBE YOU SHOULD LOOK FOR ANOTHER LENDER.\n\nJJ
186682
When you close escrow on selling your house you will get a check for the net equity in your home. You can use some or all of it for the down payment on the next house.\n\nGo to www.bankrate.com and use the mortgage calculator "How much house can I afford"\n\nGood Luck
316870
There are loans that do not require any documentation, or only require verification of assets.  You will need good credit, and might need to put money toward a down payment to keep the interest rate at a decent level.  Call a mortgage company.
1038451
The first step is to talk to a mortage broker or banker.  You will need to be able to provide proof of income, and they will run a credit report.  If you're debt-to-income ratio is steady, and you have good credit, you may be able to do 100% financing with 6% seller assist.  The interest rate may be higher than you want (like 9-11%) Your purchase price may be low, and you may need to buy a "fixer upper", which takes some dedication and a good real estate agent. You may be able to do an FHA mortgage, which will get you a lower interest rate. \n\nThe other option (which takes a lot of patience and self-control) is to save like there's no tomorrow.  Cut up the credit cards, pay off some debts to get your income-to-debt ratio lower (generally you can't have more than 33% of your income go towards debt), and open a savings account, even if it only has $100 in it for now. If you're able to put even 5% down, in addition to about $4000 in closing costs, you will be able to get a much better rate, which will lower your monthly payment.  It takes longer, yes, and it won't be easy, but you will ultimately be able to afford more house.\n  \nThe "unconventional" route would be to see if you can find an owner-financed home for sale.  Basically, this means the seller is willing to carry the mortgage for you, and you can negotiate if you get the deed upfront or after the home is paid off.  There are a few risks associated with this, so be sure to work with an experienced agent or attorney if you are able to find a willing seller. \n\nThe housing authority (HUD), Fannie Mae, Freddie Mac, etc. may have some additional resources for you, so you may want to check out their websites first.  They will at least be able to provide participating lenders and give you a good place to start. \n\nwww.hud.gov\nhttp://www.fanniemae.com/index.jhtml\nhttp://www.freddiemac.com/\n\nBest of luck to you and most importantly, don't give up hope!!! Feel free to contact me if you have any other questions.
735126
Talk to your Realtor about this.  He should know a mortgage company that can help you.  As golfer said, not all companies are FHA approved, and so they don't have that option for you.  FHA is a bit easier on your credit score as well as medical bills.  Do get pre-approved prior to shopping for homes.  You don't want to be paying for inspections or appraisals, only to find out you don't qualify for that much house...\n\nFHA is also more lenient as to where your down payment and closing expense money comes from.  You can have the seller pay part of your costs.  FHA does want for you to have a minimum of 3% invested in the house.  This comes out to 2.25% minimum down payment and 0.75% towards closing expenses.  Even this 3% could come from relatives or non-profits or government grant programs.  A knowledgeable loan officer (versed in FHA) can help you with that.
378055
You don't need credit if you can pay for the house in cash.  So, money is a pretty important requirement... you'll need it for the down payment if you're going to borrow, and if your credit is bad, you won't be able to get a loan.  Most lenders will also expect you to have a steady income, too.
609888
You might consider renting a mobile home instead of purchasing one - maybe you can find a mobile home that is "rent to buy" because you may not be able to carry a mortgage with an income of $603.00 per month.\n\nI presume you get food stamps - at least - I HOPE you do.\n\nIf you buy a mobile home, you will have a mortgage, as well as you have to pay a lot rent - and that could add up to a lot of money for you.\n\nTry going to a lawyer to see if there is a way that you can buy a mobile home with no down payment, but I expect then when you have to pay back the mortgage, it is going to be steep.\n\nGood Luck and God bless you.
769801
Sure you can... talk to a discount broker. You can also throw your money into your trash can for faster results.
490334
how come you have no equity?\nyou bought it for 0% down? then get the new house with 0 down.\nyou refinanced and lost all the money gambling? you should still have some equity, no?\nif you don't have savings and don't qualify for the right loan, then stay at your current home, budget yourself so you can save and get a new home at a later point in your life.\ndon't live beyond your means, don't be 'house poor' (people who buy expensive house and  burn 90% of their income on the mortgage).