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Updated over 7 years ago on . Most recent reply

User Stats

29
Posts
9
Votes
Mohammed Ahmed
  • Portland, ME
9
Votes |
29
Posts

0% Down payment house hack

Mohammed Ahmed
  • Portland, ME
Posted
Hello BiggerPockets investors, I am currently looking in the Maine area for 4 units building for a house hack and I wanted to use FHA loan, I know that it can go as low as 3.5% down payment plus any closing costs associated but today my coworker told me that his son bought a house with FHA loan with a 0% down payment but he only paid $3,000 closing cost, is this really possible guys!?? He doesn't know if it is FHA loan or what but I never read anything that is less than 3.5% any thoughts from anyone!??

Most Popular Reply

User Stats

739
Posts
372
Votes
Chris Purcell
  • Investor
  • Philadelphia, PA
372
Votes |
739
Posts
Chris Purcell
  • Investor
  • Philadelphia, PA
Replied

@Mohammed Ahmed

Get the referral of that lender and pick up the phone!

But short answer is no that probably didn't happen.

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