These typically do not require any personal credit checks and are directly based off the property in question.On top of the $10-15k as a down payment, do you have any capital to invest into the property? 

Hi George, When you are purchasing for a primary residence, there are plenty of options for 0%-5% down payments.

But since she is still a first time buyers we are still getting low down payment options. 

The company will automatically deduct the money from my account within 10 days or offer payment plans.

There are plenty of free payment processors like Baselane and Innago.

Imagine a $2M loan not requiring a down payment.

I have intended to pay cash because I know it may be likely that the mom could miss a payment here and there.

So I dont think I would hold my breath for payments from anyone .. !! 

This is necessary to be able to garnish tax refunds in the event that you have to evict and get a judgement for non payment of rent.

There is a down payment needed to get into the deal and terms are set in place.