• Zero Down Homes

Zero Down Homes

Zero down homes are still available to qualifying buyers who either need or choose to buy a home with no down payment.  Depending on the location you are planning on buying in, you may have several, no or low down payment options.  Here's a rundown of the most common forms of no money down, 100% financing options we've seen recently.

VA home loans-  For qualifying active duty military and veterans the VA loan is an excellent no money down option.  VA loans are quite common in our area and we have extensive experience helping VA buyers purchase homes.

USDA RD-  We're not talking about grading steaks here.  The USDA Rural Development home loan is an excellent option for non veteran home buyers seeking 100% financing on their home purchase.  To qualify, homes must be in a designated rural area.  Many homes in Puyallup, Graham, Spanaway, Roy and Yelm are currently eligible for USDA RD financing.

FHA-  FHA requires a 3.5% down payment on home purchases. With the help of down payment assistance programs from local government it's still possible for qualifying buyers to purchase with no or a very low down payment.  Tacoma, Lakewood and Pierce County all offer down payment assistance programs for qualifying home buyers.

Owner Financing-  While this can be difficult to find, it's possible to negotiate no down payment options with home sellers that own their homes free and clear.  Expect to either pay more for the home or pay a higher APR than other forms of financing for the benefit of 100% owner financing.