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Whats the LOWEST morgage down payment out there

I was divorced last year and on a budget with 2 children. Last time I purchased was back when fha loans were the big deal with almost nothing down. Apparently not anymore - where can i get the lowest down payment opition
By shiavalente78942370 from NJ Aug 8th 2014
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FHA requires only 3.5% down. USDA offers 0 down but has income and property limits. Feel free to call or email. And I'll go over everything with you.

Aug 8th 2014
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Rates:

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VA = 0% Down USDA = 0% Down = FHA = 3.50% Down (which can come from gift money or grant money Conventional = 5% Down

Aug 9th 2014

On FHA, the downpayment is 3.5%. You can negotiate with the seller to give you a credit to help pay your closing costs, up to 6% of the sales price. The state also may have some programs that apply to you, check out their programs her: http://www.state.nj.us/dca/hmfa/home/roadhomenj/programs.htm . ALso, here are some resources for homebuyers in NJ from HUD's website: http://portal.hud.gov/hudportal/HUD?src=/states/new_jersey/homeownership/buyingprgms . Has info for Essex County.

Aug 13th 2014








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