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Options for those without a down payment

DBU007The first step is financing your dream home is Selecting a Mortgage Professional to determine what you can afford and how much money you will need for a down payment and closing costs. Before you go house shopping you need to understand where you stand financially and what you can really afford. There are many financing options, including FHA which has a low down payment and conventional financing that usually requires 20% down. And in New York state there is also SONYMA Mortgage option. There are so many options available to you that it is important to work with an experienced Mortgage Professional to guide you through the process.

Read Also: How Can I Afford to Buy a New Home

Available Options without a Down Payment

The Department of Veterans Affairs guarantees no-down payment mortgages in the VA Guaranteed Home Loan Program. To meet eligibility requirements, you must provide proof of military service.

Read Also: VA Mortgage Basics

The U.S. Department of Agriculture’s Rural Housing Service doesn’t require down payments, either. The eligibility requirements include restrictions on income as well as property location.

Read Also: 100% financing mortgage is still available!

For more information call Colleen Kulikowski

(716) 650-0051

 

Thinking of selling your Western New York home? Interested in finding out the current market value of your single family home, condo or investment property? Then call www.BestBuffaloHomes.com at (716) 650-0051 to discuss what is happening in today’s Western New York Real Estate Market. We would be happy to give you a personalized Comparative Market Analysis for your home or assist you to purchase a home. View additional WNY Market Area Statistics here.

What about one of these homes?

All Statistics are gathered from the Buffalo Niagara Association of REALTORS®.
Properties found on this Web site may be listed with a brokerage other than the owner of this site and are displayed here via the Internet Data Exchange (IDX) system of this broker’s MLS. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing nor displaying broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2012 Western New York Real Estate Information Services (WNYREIS), LLC. All rights reserved.
search-buffalo-homes buffalo-neighborhoodscontact-best-buffalo-homesbuffalo-home-values get-the-latest-listings-via-email
All Statistics are gathered from the Buffalo Niagara Association of REALTORS®.
Properties found on this Web site may be listed with a brokerage other than the owner of this site and are displayed here via the Internet Data Exchange (IDX) system of this broker’s MLS. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing nor displaying broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2012 Western New York Real Estate Information Services (WNYREIS), LLC. All rights reserved.
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