How can i purchase a house with Little or no down payment?
To purchase a house with Little or no down payment depends on your annual income, your debt-to-income ratio, your credit scores (at least your 2 highest scores), how long you’ve been on your job(they normally like 2 years) and how well you’ve paid your rent (usually the last 1-2 years for that). 100% financing means no money down on the sales price of the home, but you have to pay at least some of your pre-paids at closing. (Pre-paids are home owners insurance, property taxes and lender fees) You can also obtain a list of foreclosed properties through your local court house, local newspapers and sheriff sales. Many times with these properties you bid on them or just pay the back taxes and it’s your home. But, if you pay the back taxes on any of these properties, the original owner can reclaim the home within the first three years that it was left basically abandoned, so there is a downside. But the upside is, many don’t so it becomes yours to keep. There was a guy here, who bought 14 p
