Is it still possible to get 0 down payment financing for.. | TigerDroppings.com

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emcee422
USA Fan
Baton Rouge, LA
Member since Jul 2012
466 posts

Is it still possible to get 0 down payment financing for..



first time home buyers in Louisiana? If so, how?






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hawkeye007
LSU Fan
greenwell springs
Member since Feb 2010
1987 posts

re: Is it still possible to get 0 down payment financing for..


USDA or RD loans are the only way and you dont have to be a first time home owner for that program but there are income restrictions and location restrictions





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lsu tigerdog
LSU Fan
Baton Rouge
Member since Nov 2007
126 posts

re: Is it still possible to get 0 down payment financing for..


usda/rd loans are the best in the state.
you can finance 100% plus what to the table with no out of pocket expense, well the only expense you pay will be the cost of the appraisal.
if u make less than 74,500 and have a 640 score and above,debt ratio ok plus looking outside of BR and some parts of BR are eligible, you're good to go, call me 225.291.7901 x 224






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notiger1997
Member since May 2009
23859 posts
 Online 

re: Is it still possible to get 0 down payment financing for..


I can't understand how any lending institution can be dumb enough to make a loan to someone who can't at least save up for a 5% down payment.





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GFunk
LSU Fan
Denham Springs
Member since Feb 2011
8812 posts

re: Is it still possible to get 0 down payment financing for..


quote:

notiger1997
quote:

I can't understand how any lending institution can be dumb enough to make a loan to someone who can't at least save up for a 5% down payment.


RD isn't Freddie Mac or Fannie Mae, bro. Do some research into the program before you crack on USDA. Good program run by sound principles in the UW process that are typically more stringent than normal.






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notiger1997
Member since May 2009
23859 posts
 Online 

re: Is it still possible to get 0 down payment financing for..


I understand a little about the programs, but I just think on a matter of principle, people should be able to save a little money before taking out a home loan.

No big deal.






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I Love Bama
Missouri Fan
Alabama
Member since Nov 2007
33249 posts

re: Is it still possible to get 0 down payment financing for..


Nobody going to mention the obvious?
Op- find a good deal one one and you won't put anything down.






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VABuckeye
Ohio State Fan
Oak Hill, VA
Member since Dec 2007
11834 posts
 Online 

re: Is it still possible to get 0 down payment financing for..


If you are a veteran you can get a VA loan with no money down.





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