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Updated almost 9 years ago on . Most recent reply

0 down payment?
Someone i work with is telling me he got approved for 150k on a home in our area. this is is first home. the home is a foreclosure. He told me the loan office said it should not be a problem getting this loan with 0 down and and have credit scores in mid 600's.
Is this even possible or does this guy just not know what he is talking about.
Most Popular Reply

I haven't heard of an actual lender giving zero down loans in a long time.
I have a close friend that told me he put 0 down on his first home with his wife (he has a good credit score).
I repeatedly asked him how that was possible. I still don't believe it to be true, but maybe I'm just missing something. 0 down is possible but I don't see it happening with a conventional lender.