Zillow Advice: Buying Process - Do you HAVE to have a down payment? http://www.zillow.com/advice-thread/Do-you-HAVE-to-have-a-down-payment/408739/ Zillow Advice | Zillow Real Estate In Kentucky there's KHC - ... http://www.zillow.com/advice-thread/Do-you-HAVE-to-have-a-down-payment/408739/ <p>In Kentucky there's KHC - Kentucky Housing Corporation - which has down payment assistance for those who qualify. That program allows borrowers to mortgage 100% of the sale price.<br/><br/>I think these other options have already been mentioned but here they are again: VA, BBT Bank CHP program available only through BBT and USDA Rural Housing.<br/><br/>Look for a full time, experienced REALTOR in the Lexington area to help you. Good luck!<br/><br/></p> Mon, 25 Jul 2011 01:01:00 GMT http://www.zillow.com/advice-thread/Do-you-HAVE-to-have-a-down-payment/408739/ 2011-07-25T01:01:00Z Yes, there are 100% first ... http://www.zillow.com/advice-thread/Do-you-HAVE-to-have-a-down-payment/408739/ Yes, there are 100% first time homebuyer programs available.&nbsp; USDA, CHIPS, or VA can probably help you.&nbsp; Call a reputable mortgage broker today and ask them to help you!&nbsp; They will lead you through the lending process and help you evaluate your lending needs and qualifications.&nbsp; Sun, 24 Jul 2011 21:12:00 GMT http://www.zillow.com/advice-thread/Do-you-HAVE-to-have-a-down-payment/408739/ 2011-07-24T21:12:00Z I'm going to be frank. If ... http://www.zillow.com/advice-thread/Do-you-HAVE-to-have-a-down-payment/408739/ I'm going to be frank. If you cannot afford a down payment, you probably cannot afford to own a home. I for one wouldn't mind if everyone had to put down at least 10%, regardless of loan program. That way everyone at least starts with some equity, and will be less likely to be yet another foreclosure statistic. Home ownership is a great privilege, but it also carries great responsibility. If you can't afford $3K for a down payment, how are you going to afford paying for a new air conditioner or hot water tank when they break? I may sound harsh, but I've seen far too many people lose their homes because they could no longer afford them, and it is a very sad circumstance.<br/><br/>Putting all that aside, I do have sympathy towards those who are truly in need. If this is your case, perhaps <a href="http://www.habitat.org/default.aspx?tgs=Ny8yNC8yMDExIDI6NDE6MzUgUE0%3d" rel="nofollow">Habitat for Humanity</a> has a program that suits your needs. Like another poster said, you may also check with <a href="http://portal.hud.gov/portal/page/portal/HUD" rel="nofollow">HUD</a> to see if you qualify for any of their programs. I sincerely wish you the best of luck. Sun, 24 Jul 2011 18:44:00 GMT http://www.zillow.com/advice-thread/Do-you-HAVE-to-have-a-down-payment/408739/ 2011-07-24T18:44:00Z I my area we have first time ... http://www.zillow.com/advice-thread/Do-you-HAVE-to-have-a-down-payment/408739/ I my area we have first time home buyer programs through the county. Sun, 24 Jul 2011 18:17:00 GMT http://www.zillow.com/advice-thread/Do-you-HAVE-to-have-a-down-payment/408739/ 2011-07-24T18:17:00Z The Missouri Housing Development ... http://www.zillow.com/advice-thread/Do-you-HAVE-to-have-a-down-payment/408739/ The Missouri Housing Development Commission gives buyers a $3000 grant and Saint Louis county does the same. Combine that with an FHA <br/>%3.5 down loan and a Fannie Mae Homepath eligible financing property , they give you %3.5 towards closing costs.<br/>You could possibly be zero out of pocket. &nbsp;&nbsp;<br/>Look into these type of grants for your area. There are a lot of programs available. &nbsp; Google 1st time buyer grants and your area. &nbsp;HUD has a lot of resources also. Sun, 24 Jul 2011 15:37:00 GMT http://www.zillow.com/advice-thread/Do-you-HAVE-to-have-a-down-payment/408739/ 2011-07-24T15:37:00Z Here in the Phoenix area, ... http://www.zillow.com/advice-thread/Do-you-HAVE-to-have-a-down-payment/408739/ Here in the Phoenix area, if you go to some of the out lying areas such as Buckeye&nbsp; or Maricopa, you can get a zero down USDA loan, or if you are in the military, you may qualify for a VA zero down loan. There may be other programs in your area Sun, 24 Jul 2011 15:07:00 GMT http://www.zillow.com/advice-thread/Do-you-HAVE-to-have-a-down-payment/408739/ 2011-07-24T15:07:00Z You may also be able to find ... http://www.zillow.com/advice-thread/Do-you-HAVE-to-have-a-down-payment/408739/ You may also be able to find owner financing on homes that are fully paid off. Sun, 24 Jul 2011 14:26:00 GMT http://www.zillow.com/advice-thread/Do-you-HAVE-to-have-a-down-payment/408739/ 2011-07-24T14:26:00Z There are three options without ... http://www.zillow.com/advice-thread/Do-you-HAVE-to-have-a-down-payment/408739/ There are three options without down payments:<br/><br/>1.&nbsp; Some local grants may be available.<br/><br/>2.&nbsp; USDA loans (for rural areas)<br/><br/>3.&nbsp; VA loans if qualified.<br/><br/>Is there reason you don't want to put your own money into the deal?&nbsp; 3.5% for an FHA loan is not bad. Sun, 24 Jul 2011 14:07:00 GMT http://www.zillow.com/advice-thread/Do-you-HAVE-to-have-a-down-payment/408739/ 2011-07-24T14:07:00Z