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  1. #1
    Grand Master Know It All DOC's Avatar
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    Default How do you buy a house no money down these days?

    I seen a place across the street from me and was thinking about moving there and renting out my current place. But I don't know how to secure a place these days.

    Any help or ideas?
    Who are you to want to escape a thugs bullet? That is only a personal prejudice, ( Atlas Shrugged)
    "Those that don't watch the old media are uninformed, those that do watch the old media are misinformed." - Mark Twain

  2. #2
    Caught Behind Enemy Lines
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    bust ass , sell it all and buy it out right

  3. #3
    Stircrazy Jer jerrymrc's Avatar
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    How do you buy a house no money down these days?
    VA.
    I see you running, tell me what your running from

    Nobody's coming, what ya do that was so wrong.

  4. #4
    Señor Bag o' Crap Scanker19's Avatar
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    Join the army.

    Seriously though, I put no money Down, biggest mistake ever. If I did it over again I'd put at least 10k down. Ymmv
    Errrrrrrrrrrrrrrr
    Haw haw haw?..

  5. #5
    Grand Master Know It All DOC's Avatar
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    why is that?
    Who are you to want to escape a thugs bullet? That is only a personal prejudice, ( Atlas Shrugged)
    "Those that don't watch the old media are uninformed, those that do watch the old media are misinformed." - Mark Twain

  6. #6
    Gong Shooter gcrookston's Avatar
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    The days of no money down in real estate lending are a thing of the past. --

    Historically 0% down in private real estate was a fairly new practice and was part of the relaxing of credit standards that contributed to the boom and bust we experienced.

    You may be able to find a lender that will accept additional collateral in lieu of a cash down payment, but it will have to be significant; usually at least 150% of what would be required for cash.
    "The trouble with the internet is validating sources"-- Abraham Lincoln

    "Don't believe everything you read on the internet. That's how World War One started"-- Gen. Curtis E. LeMay

  7. #7
    Señor Bag o' Crap Scanker19's Avatar
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    No equity off the bat. If I sold it I would maybe not break even, if not be upside down after the commission of an agent. Of course that's my army thinking, you'd own it for a while I hope.

    Think buying a car with no money down, you're already in the hole once you drive off.

    Also lower payments as well.
    Errrrrrrrrrrrrrrr
    Haw haw haw?..

  8. #8
    Grand Master Know It All Sharpienads's Avatar
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    We bought our house with a VA loan, no money down. I wouldn't say it was a mistake, but we've owned our house for over 3 years now and are still upside down on it. We've paid about $35,999 in interest and $1 on principal.

    Talk to a mortgage guy. You might be able to get one with no money down.
    Kyle

    Girlscouts? Hmmm, I don't know... I think it's kinda dangerous to teach young girls self esteem and leadership skills.

  9. #9
    Grand Master Know It All DOC's Avatar
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    Thanks. I was hoping to get a magic bullet answer. But I will look a little deeper.
    Unless I missed something I want to say thanks for now.
    Who are you to want to escape a thugs bullet? That is only a personal prejudice, ( Atlas Shrugged)
    "Those that don't watch the old media are uninformed, those that do watch the old media are misinformed." - Mark Twain

  10. #10
    Proud Infidel beast556's Avatar
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    We got our house 2 years ago and they made us put 23% down they wanted 25% but we coulnt come up with the rest. I dont know if it was just the time we bought but they were super strict on every thing, thought I was going to have to give a dna sample. It was a very stressfull time dont wanna do it again any time soon.

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