Do you have good credit but no funds for a down payment on your new home?    That’s a common worry among home buyers, but you do have options!

1.  VA Loan Benefit – if you qualify for a VA Loan, you need NO down payment to purchase a home.   VA loans are THE one true NO MONEY DOWN home loan available in the mortgage market right now.  If you are not sure you qualify, give us a call.  We can help you find out if this is a loan option for you.

2.  FHA Loans – These loans customarily require a 3.5 % down payment.  If you do not have the funds for this down payment, you can receive the funds as a gift from a family member. 

There is also a new program that allows you to use up to $7000 of the first time buyer tax credit as your down payment!   This option is a great opportunity for a first time buyer with no down payment to buy a home.

There are other programs available from local Killeen Fort Hood mortgage lenders who can help you find the right loan for your new home.  
We’re happy to help, so call or email us and we’ll help you find a lender who can make your dream of owning a home come true!