do you need a downpayment

If you wish to buy a home in the city limits of Kokomo, you will need a down payment from a $100 down up to 3.5% for an FHA Insured Home Loan. Unless, of course you are a veteran of the US military in which you could apply for a VA Guaranteed Home Home Loan. If you choose to buy a home in the outlier areas such as Galveston, Sharpsville, Russiaville, etc you could apply for 100% financing via an USDA Guaranteed Rural Home Loan.

Unless you are a veteran or are using the USDA Rural Developement loan you will need 3.5% down at minimum.

VA allows Zero Down loans, USDA allows Zero Down loans in select areas, HomePath homes can be bought with 3% down on select homes, FHA requires 3.5% down payment, and conventional requires 5% to 20% down.. 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

You could have the option for a no down payment loans. James in this post thread answered the question well. www.LechelMortgage.com or www.IndianaHousingPrograms.com

Not if you and the subject property qualify for the USDA RD loan. This program allows 100% financing! Cal me for details 517-489-2440

Yes.

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