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Posted almost 10 years ago

5 Cheap Ways into Housing

0% Down:
NACA (https://www.naca.com)

VA Loan (
http://benefits.va.gov/HOMELOANS/index.asp

Rural Development Loans (Renovations MAY be included)
(https://www.rd.usda.gov/programs-services/single-family-housing-guaranteed-loan-program
)

3.5% Down
FHA (
http://portal.hud.gov/hudportal/HUD/topics/buying_a_home)

3.5% AND Renovations
FHA 203k loan (
https://www.hud.gov/program_offices/housing/sfh/203k)

5% Down - (currently not funding new purchases)
Homepath Owner Occupied (http://www.homepath.com)

Not as cheap, but come with renovation options attached to the loan:
15% Down
Homepath Investment (SFH only)

25% Down
Homepath, and pretty much any bank, Investment (2-4 Unit Buildings)

Auxiliary:

http://203kcontractors.com/
You can have 2 VA loans at a time according to another BP member


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