– How To Get An FHA Loan With No Money Down FHA loans will always require a down payment but this method shows you how to get a No Money Down FHA loan without using any of your OWN money. There are three ways to use money from other sources to essentially purchase a home with an FHA loan with zero down (well, none of your own money).
Special loans help flood victims get new mortgage with no money down – "It’s very rare in today’s market that you can buy a home with no money down. improvement loan is different than a traditional refinance. "This program is designed to give you money without the.
FHA Loans With No Money Down Available In 15 States – Earlier this year, after some confusion, it was finally determined that the $8,000 tax credit for first-time home buyers could be used for an FHA mortgage down payment. Since the house purchase would come before the credit, there had to be some mechanism which would allow the buyer to borrow that money.
Disadvantages to buying a house with no money down Unfortunately, when you buy a house with little or no money down, you can expect to pay a higher interest rate and more closing costs. Although you can roll many of the closing costs into your principal balance, it increases the amount of interest you’ll pay over the life of your loan.