One of the best ways to buy a house with almost zero down is to buy a FHA owned home. When FHA has to foreclose because borrowers are not making payments, they offer a very special program to buy their houses for $100 down and they will credit you 3% for closing costs. The prices on the HUD homes tend to be very good. You will still have to qualify for a new FHA 30 year fixed loan. Today’s rates are the best in 45 years with borrowers able to get 30 year fixed in the low 5% range. This will help you keep your payments low.
Give me a call or email and I can point you towards the HUD homes and get you qualified. rob@affinity-financial.com 858-922-7899.
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