Zillow Advice: Buying a Foreclosure - the question is we do not have a down payment to give, but our credit is good http://www.zillow.com/advice-thread/the-question-is-we-do-not-have-a-down-payment-to-give-but-our-credit-is-good/439719/ Zillow Advice | Zillow Real Estate If you have good income assuming ... http://www.zillow.com/advice-thread/the-question-is-we-do-not-have-a-down-payment-to-give-but-our-credit-is-good/439719/ If you have good income assuming your rent is less than your mortgage would be the difference should be hitting your savings account to show you cn afford the mortgage payment. Also as stated above there should be money set aside for maintenance and emergencies once you become a homeowner. Contact a loan officer and find out exactly where you stand. Good Luck&nbsp; Mon, 23 Apr 2012 03:57:00 GMT http://www.zillow.com/advice-thread/the-question-is-we-do-not-have-a-down-payment-to-give-but-our-credit-is-good/439719/ 2012-04-23T03:57:00Z If you have good credit and ... http://www.zillow.com/advice-thread/the-question-is-we-do-not-have-a-down-payment-to-give-but-our-credit-is-good/439719/ If you have good credit and a good income but no down payment, put together a savings plan to come up with a down payment and slush fund.&nbsp;&nbsp;&nbsp;&nbsp; You've identified the goal, now work out the action plan.&nbsp;&nbsp; House buying is not an emergency.&nbsp; <br/><br/>There is a lot more $$$ to home ownership than the down payment and monthly mortgage/tax/insurance payments.&nbsp;&nbsp; Plan on 1 to 4% of the market value of the home per year for maintenance.&nbsp;&nbsp;&nbsp; Make sure you have a year's funds accessible when you close so that you are not in a financial crisis if the furnace goes.&nbsp;&nbsp; I'm amazed from wandering through homes how much a home can decline with no maintenance in 3 to 5 years. Fri, 20 Apr 2012 19:18:00 GMT http://www.zillow.com/advice-thread/the-question-is-we-do-not-have-a-down-payment-to-give-but-our-credit-is-good/439719/ 2012-04-20T19:18:00Z There are other options like ... http://www.zillow.com/advice-thread/the-question-is-we-do-not-have-a-down-payment-to-give-but-our-credit-is-good/439719/ There are other options like 1/2% down program. The downside is you end up paying more in fees. If you do not have the down it is a good way to go if you don't mind paying the fees. Contact me via zillow to discuss. Fri, 20 Apr 2012 18:50:00 GMT http://www.zillow.com/advice-thread/the-question-is-we-do-not-have-a-down-payment-to-give-but-our-credit-is-good/439719/ 2012-04-20T18:50:00Z only way I know to have 0% ... http://www.zillow.com/advice-thread/the-question-is-we-do-not-have-a-down-payment-to-give-but-our-credit-is-good/439719/ only way I know to have 0% down and get a loan is with a VA loan.&nbsp; So if your a Vet it can work out. Fri, 20 Apr 2012 18:23:00 GMT http://www.zillow.com/advice-thread/the-question-is-we-do-not-have-a-down-payment-to-give-but-our-credit-is-good/439719/ 2012-04-20T18:23:00Z