Shop for something you can afford, and if your disciplined and save money every month you could in fact put the wheels in motion for owning your own home.Advise: If you credit is damaged find yourself a good "Partner" and offer them some experience and put some skin in the game... say cash for a down payment  ;) The numbers:2B/1B, 1275 SQFT Huge Detatched 2 car garage.Asking price 100KMarket price 120KWe bid 85K( Someone else bid)Changed our bid to 100KThey countered 102KWe drew a line in the sand and stuck to 100KGot credited 5K+2500K in closing.We settled at 95KPut 10K down and have a 85K loan @ 4.375The house needs 15K in repairs.The location is in the best part of town, has 6 schools in less then 2 miles.

The irritation of the emotional rollercoaster "You guys rock!"

Time is really the issue here.An update is we have the agent who previously put the deal together but who now has no skin in the game involved as he knows the family of the note holder.

I also turned a spare bedroom into my "dressing room"...basically a walk in closet, complete with a reading chair, craft desk, and cushy sheep-skin rug.  

Hi,I really doubt there is a Hard-money product out there that will lend you 100% with no "skin in the game."  

I will say you cannot come in expecting to have no skin in the game or expect to raise $500k on your first flip ever.

Unless you're willing to pay a lot more in monthly payments (think 8-10% interest rate or more) and/or pay a lot more up front you're not going to find somebody interested in this.A lot of banks got burnt during the downturn and they're not interested in making loans where the borrower doesn't have 20%+ skin in the game.  

Lots of ways to skin cats.

Ajay, Ever one I know want you to have skin in the deal because you have nothing to lose if something went south.

So they price in higher rates typically and more money down to increase skin in the game and lessen chances of you walking away from that equity and defaulting when times get tough.3% is easier to walk away from than 10% or 20% down.