Obtaining a mortgage usually requires that people have at least 20 percent of the purchase price on a house in order for some lenders to grant them the loan. This requirement made it impossible for many lower income families to stop renting and become homeowners. Read More
Zero down mortgage loans make it possible to purchase a home with little resources or cash on hand. All you really need to achieve homeownership with a 0% down mortgage is the ability to meet the loan requirements for the program. There are several popular no money down mortgage options available today, and a few others that are almost nothing down. Read More
In today’s housing market, those wanting to buy a home with no down payment have limited options. The 2008 financial crisis led to the rapid demise of subprime lending and a harsh tightening of mortgage credit. Fortunately, USDA RD loans are still running strong offering 100% financing with low mortgage rates for home purchases.