How to Buy a Home Without a Down Payment

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A lot of home buyers want to go out and purchase a home, but they have no money to put a large down payment in for a home. Some loan programs require a down payment, but not all of them do. If you qualify for a VA loan or a USDA loan, you will not be required to put any money down. 

You do have options if you cannot put any money down on a property. However, our first recommendation is to get pre-approved for a loan. This will let you know how much you can borrow and it will narrow your home search. 

For sellers who need to use the equity in their homes to purchase new properties, there are some programs available for you. An 80/20 home loan can work in this situation, but another good option for you is to simply contact Liz Jacobsen at 518-347-3174. 

If you need any assistance with Capital District real estate, please don’t hesitate to contact me!