Can I get a loan zero down?

[Allen Lopez]

I have a friend who is extremely hard working but has had a hard past (not criminal). Credit score is about 600-620. She is hoping to buy a small condo/townhome 3/2 around $120k. Plans to rent 2 rooms out to her friends and live in the third. Currently she pays $1000/month in rent. She doesn't have much savings. Is there any type of loan that she could get with zero down? I believe FHA requires 3% but wanted to see if there was any other options.

[David Kelly]

There are some grant programs available that offer significant money towards closing costs and down payment.  One that I am utilizing lately is the WISH program.  Its a 4 to 1 match on whatever the borrower can bring to closing.  Gift funds are available as well for their portion of the down payment.  Completely forgivable after 5 years, and no added payment to the mortgage.