Yes you can definitley do this my husband and I just recentley did this, and it is not nearly as horrible as everyone has made it out to be. We had a problem of having poor credit from stupid mistakes we made when we were younger. We couldn't find any banks that would lend us the money without crazy interest, so we went to a mortgage broker, gave him our information and since he had access to almost 80 different lenders he found a lender that was willing to work with us with 100% financing. Our interest rate is a little higher, it's 8.1%, not nearly as high as people make it out to be. And since we are only on a 3 year term that will be enough time for us to build up an even better credit score and then switch to a bank that will take over our mortgage. It's not nearly as bad as people make it out to be, the only "catch" is that you have to pay mortgage insurance since you're not having a down payment, but after you have 20% of your mortgage paid you can get rid of it. Yes having no downpayment is a little more expensive in the long run, but it's not horrible and all the while of making on time payments on your mortgage your credit score is increasing as well as the equity in your home. So if you are really interested in a no down payment mortgage I would try going to a broker, they will be able to help you out no problem. Good luck with everything.