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Can I really buy a home with no money down using the FHA loan program?

April 26, 2017buy FHA Home loan money program

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Can I really buy a home with no money down using the FHA loan program?

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Using a traditional FHA Loan, no, the FHA loan does not allow for 100% financing as of this time. Using a HUD approved gift source, such as a gift from; parents, relatives, documented friend, or employer, you can have someone else assist you with the funds necessary for the required down payment. As of October 1, 2007 seller funded Down Payment assistance provided through third party 501C3 Charity organizations are no longer acceptable sources by HUD. Qualified home buyers can utilize HUD approved grants to help meet FHA required down payment amounts and in some instances these programs will assist with Closing Costs as well. Quick Mortgage Application Back to Questions Question?