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FHA first time buyer zero down programs still around?

My cousin has a home she bought abut 8 ir 9 years ago. she and her fiance went through FHA and were able to get 100% financing. I have been searching online with not a lot of luck. are they completely unavailble? She also lives in California so i'm not sure if maybe that is why?
By mydanielita78463288 from TX Jun 19th 2014
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FHA has always required a down payment, and it's currently 3.5% of the purchase price.. However, FHA allows for gifts and grants. There might be some grant programs available in your area where if you meet a certain criteria, you can get down payment assistance. The best source for finding out If there Is anything available is your local mortgage broker. Don't even bother with the local bank or credit union, as they are probably not aware of any such programs.. There's also USDA financing.. if you select a property that is a defined USDA area, you can do 100% financing.. Also, if you have VA benefits available to you, you can do 100% financing.. by checking with your local mortgage broker, you have an advantage since he will be familiar with the local DPA programs as well as experienced in finding you the best loan for your particular scenario.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Jun 19th 2014

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