Here's another major mistake made by millions of renters. Put aside forever that you must have saved a large amount of cash for a down payment. Listed below are 49 ways to buy with little or no cash out of pocket. Unfortunately, widespread misbeleifes about big down payments are too often reinforced by uncaring or unknowledgeable real estate agents.
FHA 203K, FHA 203B, FHA assumables, FHA non-qualifying assumables, HUD Homes, Fannie 97, Freddie Mac Discover the Gold, Neighborhood Housing Services, Central city mortgages, Community Reinvestment Act Programs, Rural Economic Development Programs, Lease Options, Lease-purchase, Sweat Equity, State mortgage bond programs, Land Contracts, Seller "trust deeds", Seller seconds, VA loans, VA assumables, VA non-qualifying programs, Habitat homes, New home builders, Economic opportunity programs, Private Mortgage Insurance, Pledged Collateral, Gift Letters, Family loans, Fannie Mae Rehab loans, Wrap Arounds, Self-contracting, Shared equity, City down payment assistance, County down payment assistance, Co-ownership, Create value-fixers, not-for-profit programs.
Thanks to Gary W. Eldred, PHD "The 106 Common Mistakes Homebuyers Make (& How to Avoid Them).
