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Answers (4)
- Shawn Rogers, "Mister Rogers Homes"
- Contributions:912
Kinnadeepu-
Good Evening.
Well, it's not an impossible task, however, I am not sure I understand your question. There are programs out there, but zero down, meaning no money at all, is not going to be all that easy. I would start with talking to a local lender or REALTOR in your area.
Have a BEAUTIFUL night.
-Shawn
Good Evening.
Well, it's not an impossible task, however, I am not sure I understand your question. There are programs out there, but zero down, meaning no money at all, is not going to be all that easy. I would start with talking to a local lender or REALTOR in your area.
Have a BEAUTIFUL night.
-Shawn
- Dan, "the_country_hick"
- Contributions:4700
Change your mind.
Assume for a moment that you can buy a house with 0% down. Now assume that the seller will cover all closing costs. Somehow you bought the house and moved in. Now a problem comes up. You must spend $5,000 on a repair immediately. How will you be able to pay for that repair?
Buying a house is easy, keeping it is a lot harder.
Save up money for a down payment. In 1-3 years when you have a solid amount of savings and you have learned to live beneath your means you can once again think about buying. With the foreclosure situation as it is waiting that long should not hurt to much. It will be awhile before prices really appreciate again.
Assume for a moment that you can buy a house with 0% down. Now assume that the seller will cover all closing costs. Somehow you bought the house and moved in. Now a problem comes up. You must spend $5,000 on a repair immediately. How will you be able to pay for that repair?
Buying a house is easy, keeping it is a lot harder.
Save up money for a down payment. In 1-3 years when you have a solid amount of savings and you have learned to live beneath your means you can once again think about buying. With the foreclosure situation as it is waiting that long should not hurt to much. It will be awhile before prices really appreciate again.
- Ryan Halset, "RyanHalset"
- Contributions:730
By "foreclosure", what do you mean? Are you talking about at auction? There are hard money lenders that can help with financing (though you pay dearly for it).
Are you talking about bank owned or short sale? You can go to your bank or local mortgage broker for help with financing there.
Other than that - you can always beg, borrow, and plead :)
Good Luck!
Ryan Halset | Realtor ®
Boardwalk Real Estate | Seattle, Washington
Are you talking about bank owned or short sale? You can go to your bank or local mortgage broker for help with financing there.
Other than that - you can always beg, borrow, and plead :)
Good Luck!
Ryan Halset | Realtor ®
Boardwalk Real Estate | Seattle, Washington
- Yeni Mateo, "YeniMateo"
- Contributions:20
Depending on where you are buying there are some banks that have bond money that allow you to purchase a home with very little down. I know 5/3 in Florida is licensed for bond money. Check your local banks.
Hope this helps!
Hope this helps!
i do not have cash but want to buy a forclosure home what to do?
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