Do I have to have a 30% down payment just to buy a piece of property?
467232
You are refering to financing known as a Lot Loan.  LTV's on lots can go as high up as 80-85%.  A very common loan on a lot is a 3 year balloon.\n\nA way to get higher LTV's on property alone is to find out which banks will allow for seller held second mortgages.  Some banks will be more lenient then otheres.
255250
R2Own works just like renting but you typically pay a non refundable option fee up front vs. paying a security deposit and you also agree on the purchase price up front. While renting, you usually have 12-18 months to actually get a loan and buy the house. If you don't buy in the 12-18 month window you loose the option to buy and your option fee. Also, a portion of your rent can go towards the purchase price($100 per month) when you go to get a loan and actual take complete title.
170727
You are allowed to buy property.  There is no requirement to show your status for any purchase.  Financing the purchase would be more challenging since you would not be able to prove your income.
953478
work with a realtor and they will find you the deal...but first, get pre=approved for a loan so you will know how much you can afford.  remember that 28% of your salary is all you can get financed for (in most cases)  chekc out american dream, they make down payment loans to 1stt time buyers
99586
Not exactly if you are renting. If you can prove that you have a regular source of income such as paystubs, etc, you should be good to go.\n\nBut if you are buying.. it will impact ur ability to seek loans
98978
No money down is not the problem. It is the bad credit. I have financed a lot of people with no money down. Seller credit buyer for re-occuring and non-reoccuring closing cost. Add that amount to your initial offer of the property. I am in the state of CA, therefore you need deposit when you make the offer, and money for inspections, unless you have the seller pay for all inspections. You need to fix the credit so that you can get a good interest rate.
643649
I'd be careful with how much the seller is willing to pay.  Lenders have a limit to how much the seller can contribute towards your closing costs, usually either 3% or 6% of your purchase price depending on the type of loan you get.
410401
I don't have the program, but consider this.  Do you really think you can buy a house for nothing down?  Yes it can be done, but everything has to be in place.  The right time, the right market, the right financing, etc..\nDon't waste your money.  Look at lease options instead.  Yes you do have to put money down, but not as much.  Also make sure that the contract can be assigned.  That is sold to someone else.
385411
the government offers some help with down payments for first time buyers. there may be some criteria though. may be worth checking into.
354221
Yes, it will show as part of your assets, then at close of escrow the earnest money will show as a credit towards your down payment.
1018450
There are now 40 yr and 50 amortization programs available and interest only programs.  So a person can afford the home they are wanting....If you purchase a home, you can go 100 percent of the selling price (depends on credit) and if your credit is 560 or higher you will have no problem.  The 40 / 50 or interest only will lower your payment.  You did not mentionn where you are located in (state), check out my website and if I can be of assistance, let me know - Good Luck.
622549
You can purchase a mobile home from a company like Palm Harbor Homes and they will get you financed for a land home package with no money down.  I am buying one and yes your family will have plenty of room.  You can get a three bedroom for about 60000, and I dont know how much land you want  or where you live but you can do it.  My problem is getting financed for land by itself they always want 25% down any suggestions?
925821
First, get out of that ARM!!!!\nYou can get fixed 30 yrs at or below 6.75% right now.  Yes, that's higher than what you're paying right now, but lower than what you'll re-fi at in two years when you really will be hurting.\n\nIf you're in San Antonio, then you've noticed that we had a wave of investors come in.  This did two things.  1 - Drove prices of newer homes up pretty quickly.  2 - Drove prices of rentals down quickly.\n\nYour mortgage is $1,400 and it could rent for $1,000.  You're probably correct.  This price range is for buying and living in, not for owning as an investment.\n\n"Money makers" more often than not, come in neighborhoods that you'd rather not put your family into.
1140204
depends on your lifestyle, you like to move around, rent , if you are looking for something set then make the jump on something while the market is down then renovate and sell. or stay which ever. apprasials are going up for taxes, that is something to think about talk to a realitor, but they get about 6% of sale price and dont think about owner finance its not good for that. good luck
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.
117310
NO! Keep in mind though that for every $1000 you put down, it only lowers your monthly payment by $7.00!!! I found that by negotiating not only the price, but the monthly payment you are comfortable in making, is easier than you think, and if all you have is $5000, than work with that.  In todays market, it's all about making the sale, and they will figure a way to please you to make that sale.  Plus, there are programs out there to help you with the down payment AND the closing costs, and if you live in the home for a minimum of five years, you might not even have to pay that back. Ask your Real Estate Agent or bank for the information. Good luck!
583352
If you have less than a certain amount to put forth as a downpayment, you can get a reduced rate loan from the feds for your downpayment as a first time home buyer.  That won't help you in SF or NYC, where the downpayments are so enormous that the loan won't cover it, but is really helpful in lower priced real estate areas.  Your loan officer should be able to point you in the right direction.\n\nYou asked this question in the Internet section of Yahoo! Answers.  I would try posting this in the Real Estate section.  You've got computer geeks (such as myself) seeing your question here.  Over there you'll have Real Estate, HUD and Loan Officer guru types noticing your question.\n\nGood luck!