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Good income and credit score. Not much cash for down payment.

Discussion in 'Home Loans' started by Jammer, Mar 18, 2013.

  1. Jammer

    Jammer TREF Member

    Jul 1, 2012
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    What's the least amount of down payment I can make? I'm not a veteran, so that option is out.

    But, my credit score is good. I pay my bills and don't have a lot of debt. Just a car payment. Paying off my student loans early kept me from building up my nest egg. Now I want to buy a home.
     
  2. Jammer

    Jammer TREF Member

    Jul 1, 2012
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    Just Passing through to report....
    I closed on a house in Holly Springs with a USDA loan last week. 100%. No down payment. Getting approved wasn't hard. A lot of details, but my mortgage guy was great.
    :cool:
     
    Chuck Finley and Peaches Delight like this.
  3. Peaches Delight

    Peaches Delight Knows the Ropes

    Sep 7, 2012
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    Congratulations on your new home, Jammer!

    I have a friend who went with a USDA loan and it was pretty dragged out. I'm glad it worked for you.
     
    Chuck Finley likes this.
  4. Kramer

    Kramer TREF Member

    Sep 7, 2012
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    :)
    Congratulations on your new home in Holly Springs! We lived there for several years and loved it. Just had to move closer to work a while back, and still miss Holly Springs.
     
  5. Chuck Finley

    Chuck Finley Poster to the Stars

    Jul 27, 2013
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    Success! Congratulations!
     
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  6. Morrisville Mark

    Morrisville Mark TREF Member

    Sep 7, 2012
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    When is the barbecue? Congratulations on your new house!
     
  7. Col. Mustard

    Col. Mustard TREF Member

    May 23, 2014
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    even people who have twenty percent down payment are working hard to get a loan now.
     
  8. adele

    adele Knows the Ropes

    Jun 9, 2012
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    Everyone has to struggle with demands from lenders, but it's not impossible to get a loan with a low down payment.
     
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