Yes, Virginia, There Is A Way To Buy With No Money Down

Yes, Virginia, there are still some ways you can buy a home without a down payment. Take the Veteran's Administration loans, for example - if you've never served in the military, then this option is not available to you; but it's a great program for those that have served. In fact, this is exactly how my husband and I purchased our first home back in the early nineties. The official web site is: http://www.homeloans.va.gov There's also the "VHDA PLUS" which is a second trust option available to moderate income families in Virginia. In Northern Virginia, the sales price/loan limit is $408K; and a family of 3 or more must have an income of $100K or less. Learn about this program: http://www.vhda.com/vhda_com/Template_a.asp?VHDA_COM_PAGE_NAME=Eligibility_Requirements In some counties - like Loudoun - there are also second trust loan options available for households with more reduced incomes, adjusted by family size. These loans can be used to purchase foreclosures, market rate homes or ADU homes. Learn more: http://www.loudoun.gov/Default.aspx?tabid=2120 So, yes, although the options are more limited in scope and are targeting specific household types, there are some programs still available. These are just a few examples. If you're in the market to buy a home, contact me. I am happy to help you investigate these and other options to see what the best program for you is.