How can I buy a house? I don't have enough money for a down payment.?
- real estate guyLv 710 months agoFavorite Answer
Bev is correct. Also FHA has 3.5% down loans (but the 3.5% MUST BE YOUR MONEY).
There is NO reason you are not saving something each month.
Recommend a part time job, or more hours at your current.
- sunshine_melLv 710 months ago
You save for a down payment first
- JahalLv 510 months ago
You could look into the Tiny house movement,
and have a really small home for under $100,000,?. Land is separate you have to rent or buy it.
- oklatomLv 710 months ago
So start saving. When you have saved 10 to 20%, look into buying.
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- Beverly SLv 710 months ago
If you are a Veteran there is no money down required. Or if you use a USDA loan (has to be in a rural location) you can get in with no money down. You will also need to save for closing costs (generally around 3% of the sales price). or you can ask the seller to pay them.. which many will. Credit has to be good, and good income/job.Source(s): Mortgage lender 33 years.
- babyboomer1001Lv 710 months ago
Obviously, you can't now. Save money every month. When you have $25k - $40k, then consider buying a house.
- linkus86Lv 710 months ago
Marry someone who does.
- Anonymous10 months ago
Rob a bunch of rich people. Use disguise, etc
- JudyLv 710 months ago
save up until you have enough, then buy a house
- Bone AloneLv 710 months ago
Then start saving. Don’t buy unnecessary stuff. Eat a home cook meal instead of going to the restaurant. Don’t drink Starbucks coffee. Make your own coffee or buy a coffee brewer.
- 10 months ago
BUY A DOG -HOUSE
LIVE IN A DOG -HOUSE.