Georgia - I make aprox 90, 000 yr. Have no money to put down. Where do I begin?

I would encourage you to start saving something for your down payment every paycheck. There are ways to do this and you can be Pre-Approved based on what you will have for a down payment, but final approval with an Underwriter can't be issued until all assets are confirmed in the file. You can also get a gift from an acceptable source. If you would like to discuss this offline, I'd be happy to work with you as I have a client saving on a per paycheck basis with a Pre-Approval already issued. Thank you and good luck!

Hoe can you make 90K and have no money?

Sweeps: There are so many loan programs out there. VA is 100%, USDA is 100% but depends on your family size, with your income. FHA if relatives gift you the 3.50% down, is a really solution. Please click on my profile to the left, and then click on my email address. I look forward to working with you. Have a great weekend.

There are many national programs, like VA and USDA that allow for zero down. But most other assistance programs are local or regional. Contact a local mortgage broker in your area for more details. One other item to consider... In the vast majority of areas, a $90,000 a year income is well OVER the limit for most assistance programs. At that income level, you will be expected to save for your own down payment. Here in MN, I have a 3% down conventional program that will also borrow you $5000 for down payment assistance. www.StPaul-Mortgage.com

FHA will allow you to put down as little as 3.5% down payment. The seller can pay closing cost for you. Some lenders will pay all your closing cost. Call or visit my website for more information.I will be glad to give you a free pre-Approval.

If you are actually making $90,000 a yr and without a checking/ savings account, the underwriters will question your stability to make payments. and will feel that you are over extending your self.. I have been a underwriter before, so I know what they look for.. I would advise you to open up a checking/savings account, for at least 6 months, to get a average balance, then start the home process.. put as much money from your checks that you can into a savings account., and only pay what you need to. the underwriters look at if you are dining out in a restaurant too much , instead of eating at home, for example, unless your business requires you to entertain clients.. ITS ALL ABOUT how you manage your money funds.., and watch what you purchase for the next 6 months., sometimes its good to sell something that you do not need for cash if you feel that you need to buy something that you do not need, only for a luxury.. linda

There are some programs out there that still do 100% financing. So depending on your situation you might qualify for one of them. I only lend in California so I would contact a local broker and go from there.