Yes, there is still no money down financing options. If you are not familiar with some of the more unique products, here are four that can get you into your home with no money out of pocket.
1. VA- The department of veterans affairs offers no money down financing for qualified veterans for their purchase. Interest rates are not too much higher than FHA and it is a pretty seamless process.
2. USDA- The US Department of Agriculture offers a home financing product for homes outside of major metropolitan areas if you meet certain income restrictions. This is not a product for working farms or land loans, but it will allow for large parcels that are typically found in rural areas.
3. HUD Homes- The department of Housing and Urban Development is selling their foreclosures to buyers and not requiring any money down. You do need to find a home from their portfolio.
4. NFH Access- The National Homebuyer Fund is offering 2nd mortgages for 3% which when combined with an FHA loan can get you pretty darn close to no money down.
Make sure you talk to your mortgage specialist for specifics and to see if you can qualify.
