Can You Purchase a Home Without a Down Payment?
By James Murr, www.cortiersrealestate.com
(Cortiers Real Estate)
Can You Purchase a Home Without a Down Payment? Many folks out there may think it impossible to get a home without a down payment. The truth of the matter is there are a few ways that allow you to get a home with 100 percent financing. First, before considering any of these ways you have to be sure and have a credit score of 700 or better, have a clean payment history, have consistent income that includes a solid work history of at least two years, and finally have the ability to afford a mortgage payment. If you meet all of these requirements, you are probably golden! 1.Family-Owned Homes When the property that you are looking to buy is being sold to you by a family member, the down payment could come in the form of a gift of equity. This is possible because there is a relationship b...
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