Attention Buyers, beside being the best time in since historic records were kept to finance a home with the lowest interest rates ever and the falling prices to bottom or very near bottom, you can still buy a home for nothing down!!!! Aren't these great times???
There are many opportunities for Zero Down Financing.
VA Loan - The Veterans Administration guarantees loans for Veterans which allows them to borrow 100% of the loan amount to buy their homes. This is an amazing program and based on the Veterans eligibilty there are many other perks offered in these programs. Here is the VA Loan Web site VA Loans Website The published rates for VA loans today on google was 3.75% (3.853% APR) October 23, 2011.
USDA Home Mortgage Loans - If your area qualifies you can buy for no money down and the seller can contribute to the closing costs. If your credit is satisfactory (they currently take credit scores of 640) you can even qualify for higher Debt to income ratios with these programs than with other loans. The website to check on these programs is USDA HomeLoans Website
Federal Home Loan Bank - FHLBank Atlanta's Community Stability product provides up to $7,500 in down-payment and closing-cost funding to first-time homebuyers or non-first-time homebuyers for the purchase or purchase and rehabilitation of an existing home in neighborhoods targeted for stabilization by a government or special district or authority. These are offered in Federal Home Loan Bank districts accross the United States as well as here in Atlanta Federal Home Loan Bank
Georgia Dream Program - These are loans up to the full purchase price to lower income families with subsidies to $7500 in downpayment assistance paid to Protectors (Police and Firemen), Educators and Health Care Workers of $7500 and people living with disabilities. These are great programs and can result in $1000 downpayments to qualified people in purchasing their first home. The webiste to check out this program isDept of Community Affairs Georgia Dream
HUD Homes $100 downpayment - HUD has homes that buyers can buy for $100 downpayment and these are some pretty nice homes in some areas. These homes can be found on the HUD website Hud Homestore.com
There are also a lot of other programs and loan offerings out there that require 
low downpayments. Consult a great real estate professional first, they will know the ins and outs of the financing and can usually tell you the best resources in your community to find great loan programs. This is truly a great time to buy a home and you can still do it for little down.
We look forward to assisting you in turning your real estate dreams into reality.
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