What types of loans are out thier for first time home owenrs with good credit?

Question by JJ: What types of loans are out thier for first time home owenrs with good credit?
What types of loans are out thier for first time home owenrs with good credit? The place that I want to buy is about $ 185 can I still get a zero down loan? If not what is the next best thing?

Best answer:

Answer by lepr0kan
Conventional loans have basically disappeared at 100% the highest now is about 97%. FHA can also do 97% and USDA (if in what’s considered a rural area) up to 100% and VA 100%. I still wouldn’t suggest a 100% financed loan in this volatile market though where prices could still continue to decline. I’d suggest saving up enough to cover at least 5% before looking into buying a home.

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