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Low/No Down Payment Options


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1 reply to this topic

#1 CTSoxFan

CTSoxFan
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  • 3,762 posts

Posted 08 July 2012 - 10:15 AM

Brian (or Others) - Are there any places that offer low/no down payment options other than NFCU's 100% financing or FHA. I have already gone down both those roads and been approved, but just looking to see what other options I may have. I don't know if there still are 80/20 or 80/15/5 programs still available out there, just looking to see all my options. I am in CT, low 700s mid score based on the pull from NFCU.

Thanks.

#2 Brian B The Loan Professor

Brian B The Loan Professor
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  • 8,689 posts

Posted 08 July 2012 - 11:01 AM

There is VA and USDA both 100% options
VA needs military eligibility and USDA is for homes in less populates areas.
Other than that the days of 80/20 loans are gone no one will do seconds like they used to - they were the first to lose everything in the meltdown -




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