Posted on: 27th Nov, 2013 12:56 am
What type of no down payment loan programs are available in the state of Texas?
Hi Guest,
VA and USDA loans are available which you can get without paying any down payment. However, in order to get a VA loan, you will have to be a veteran or an active duty servant.
Thanks
Jerry
VA and USDA loans are available which you can get without paying any down payment. However, in order to get a VA loan, you will have to be a veteran or an active duty servant.
Thanks
Jerry
In Texas, you can get a loan with $100 down through FHA/HUD, if the house meets the criteria. You can also do the STAR program which allows .5% or 1/2% down. So on a 250K loan you would put down $1250. If you qualify for a VA loan, they are available for 0%. If the house is eligible for USDA, there is also a 0% down payment. You can also look at FHA with a 3.5% down, which allows a gift. If you have any further questions, we lend in TX.