: They asked the sellers to pay their closing costs in exchange for a slightly higher offer price.
Once upon a time, two friends, Alex and Jordan, dreamed of owning homes but had zero savings for a down payment. They took two very different paths to reach their goal. how can i buy a home with no down payment
: Alex opted for a slightly higher interest rate, and in return, the lender paid his upfront fees. Summary of No-Down-Payment Options Requirement VA Loan Veterans & Military Service history + Certificate of Eligibility USDA Loan Rural/Suburban Buyers Household income below 115% of area median DPA Programs First-time Buyers Local/State grants that cover the down payment NACA Program Lower-income Buyers No down payment or closing costs; requires counseling : They asked the sellers to pay their
: He didn't have to pay monthly private mortgage insurance (PMI), saving him hundreds every month. : Alex opted for a slightly higher interest
: Alex found a suburban house and used his Certificate of Eligibility (COE) to secure 100% financing.