I am trying to buy a townhome that cost 90,000.Can the downpayment be calculate into my first year mortgage if I don't havea downpayment.

Wat is the ideal credit score to purchase a home.

(0) | asked by: Mazue Gibson | share | 5 months ago | Report

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answer by Amanda Nicodemus | Visit My Website | Contact Me
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In the old days, yes you could, but unfortunately not today! If you're a first time home buyer you will need a minumum of 3.5% of the purchase price. Or if you're a veteran, then you could qualify for a low down payment. If you're serious about buying, I would suggest start saving your money for your downpayment. Good luck.

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answer by Jeff Derp | Visit My Website | Contact Me
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The only way to purchase with no money out of pocket is if you're a Vet and purchase using VA loan. Otherwise, the best you're going to do is putting out 3.5% out of pocket.

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