fHA home loan down payment for first time buyers?

FHA requires 3.5% of the sales price as a down payment. If your looking for a 100% loan you should check out USDA/Rural Development. There are income restrictions but it's upward of $74,000 in your area. The property would have to be eligible for Rural Development financing. I would love to help! Chasity GraffMortgage BrokerLA Lending, LLC225-926-5408 office225-926-6073 faxWww.LALending.net

FHA requires 3.5% of the sales price as a down payment. If your looking for a 100% loan you should check out USDA/Rural Development. There are income restrictions but it's upward of $74,000 in your area. The property would have to be eligible for Rural Development financing. I would love to help! Chasity@LALending.netChasity GraffMortgage BrokerLA Lending, LLC225-926-5408 officewww.LALending.net

USDA is the best source for no down payment purchase loan.

All FHA loans require 3.5% down payment... however there are grants or "down payment assistance" (DPA) programs available in most states.. a local real estate agent or local mortgage broker should be familiar with anything being offered in your area.. USDA does 100% financing, but financing is limited to properties located within the USDA defined area.. and if you have VA benefits available, you do a VA loan with no 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

I would suggest 100% USDA Rural Development financing. Call me, I'm in Denham.

The most flexible option with FHA where the seller was able to pay the downpayment ended several years ago (due to perceived "abuse") so I agree with others, the USDA/Rural Development loan may be your best option or possibly downpayment help through the State Housing Finance Authority. Local Realtors and/or lenders should have info about it.

We have an FHA option with down payment assistance to allow you to come to closing with no $$. Call me at 225 300 8895 ext. 2.Thanks,Garth Cook