Can I get a 0% down mortgage with decent income and credit score of 655?

Unless you are a veteran I doubt it. You likely make too much money to qualify for USDA. If you are making 90k, why dont you just spend the next 3-5 months saving every penny while polishing up your credit. Once you have saved 3.5% for a down payment + closing costs, you can go FHA for your purchase. Good Luck!

You have a low credit score and you make too much money for USDA loans.. Your only choice is VA, if your eligible.. But I'm confused.. You make $90K a year, and you cannot come up with a down payment??? FHA requires 3.5%.. So for every $100K in home sale price, you need $3500... if you looking at a $200K home, you need $7K down??? not really a stretch for someone making $7500 per month..I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Only VA and USDA have no down loans and you probably make too much to qualify for USDA. Unless you are a veteran, then you will need at a minimum 3% (3.5% for FHA) down. With your income, and perseverance you should be able to sock away a couple grand a month and have a decent down payment in 3-5 months. Contact a local Mortgage Banker/Broker, rather than one of the big banks or national mortgage factories. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. We have access to loan products of many lenders, not just those of one bank, and can help you develop a plan to get into a home quickly. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com ~ 888-889-9950

Unfortunately in Spokane County the maximum income limit for a 0% USDA loan is $74,900 annually. Of course, depending on what you do for a living and how you file taxes could change that if you have write offs that decrease your bottom line enough. Feel free to give me a call. 856-853-1234.

You are probably not going to qualify for a 0% down program unless you are veteran. USDA is another 0% down program but your income is probably be to much for you to qualify. Depending on how many other people you have living in the home and what the income of those people are. If you can save 3.5% you will be able to qualify for an FHA mortgage with the credit scores you have.

Everyone seems to have given you the correct answers- however they failed to mention that you can purchase an FHA HUD repo property for $100 down. This will limit you to only looking at homes that are currently owned by HUD but if you find one you like you can use the FHA HUD repo loan. If your mid credit is 640 then you should qualify no problem. You have to put up a $1000 in earnest money but you do have the ability to get $900 back at the closing table if all of your closing costs are paid for by the seller. This is really the lowest down payment option outside, VA and USDA.

Look into Homepath properties and the loans that come with them...call your local mortgage broker