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Updated over 7 years ago on . Most recent reply
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0% Down payment house hack
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
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Get the referral of that lender and pick up the phone!
But short answer is no that probably didn't happen.