can I get a no money down and payments of 450 a month on a home I found for 79,000

USDA, VA or a Down Payment Assistance program are how to get 100% financing. As for that total house payment. Probably not. A $79,000 loan amount on a 30 year term at 3.25% rate will be a payment of $343/mo. The property taxes, home insurance, mortgage insurance and any applicable association dues will most notably amount to more than $107/mo. It is mathematically impossible to come up with a 450/mo total house payment. A more realistic total payment on a 100% financed loan would be more in the $575/mo range.

So long as you meet all eligibility requirements, then the only loan's out there that offer zero down are VA (you must have VA eligibility) and USDA (property must be in a USDA defined area). Otherwise, there might be some grant money available in your area which can help in the down payment.. Your local loan officer or real estate agent might be able to help you with those programs if they exist.. conventional financing requires 3% down for first time home buyers, but you have to have really good credit.. otherwise, FHA will require 3.5% down. But you also need to pay for closing costs.. which can be another 3% to 5%.. there are ways to get this paid for as well, but it requires the seller, the agent, the lender, or a combination of all 3 to contribute enough to help pay for the costs associated with a new loan.. As far as getting to $450 per month.. as David said, it's mathematically impossible.. 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347