Pre-approved but NO down payment.I was preapproved for a FHA loan and the Credit Union is stating that I might need 3% down payment. In this crazy world that we all live in that might not seem like much at all but I do not have 3 %, now I know what your thinking (possibly) and yes I can afford the mortgage payments, but I do live on ever red cent I make. My question is....as a first time home buyer do I have to have the 3% down payment? Is there any type of programs out there that would assist a buyer with funds to get me in a home. I have looked through a few Grants but I'm not sure I'm even in the right place. I've looked for that information/guidance/assistance etc...but can't seem to come up with information that will move me in the right direction. Any assistance will be much appreciated,Thank youStephanieJuly 03 2013 - Rochester0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.