interest free loan to buy first time home buyer?
78814
There is no such thing.
699754
Home Inspection by an independent inspector (not one associated with the real estate agents involved).\n\nGet pre-approval for your loan.  Only buy a house that will amount to payments of no more than 33% (less if possible) of your monthly income (Don't get an interest-only loan).\n\nTake a look around awhile before buying.  Don't jump on the first house.  Think about it a couple of days.  Make an offer that you feel comfortable with.  Don't go over your head.\n\nExpect to have to purchase all the little things that you don't need when you rent, if it's your first house (Lawn mower, trimmer, water hose, landscape plants, curtains, basic household tools, etc.)
80159
You should have some financial knowledge before setting out to get a loan.  I imagine you need the loan to purchase a one family house, instead of some apartments and other high end real estate.  I would suggest that you read a book first on buying a house, it will explain many of the curve balls the bank will throw at you when it comes time to buy the house.  Credit is not so important because the house will be your equity.  If you dont pay the bills the bank will take the house.  Try going to one or more banks, if they decline your loan, then ask them why, this way when you get to the next bank you will have some experience.  The bank is the safest way to borrow money, aside from loan sharks, and family.  You should look for a competitive interest rate, something less then 5% is good but I wouldn't pay more then 6.5% no matter your credit.  Well if you have a credit rating of less then 500, then be prepared to pay more in interest.  A large down payment will defer some of the monthy payments.  When buying a house I prefer to tie up the deal first, then worry about the money.  Also look the housing market in the USA showing slow growth this year.  I bet next year houses will be a lot more affordable.  Whatever the asking price is, take 10% off that price and offer the person that.  Look at the house, if there are cracks and damage take that out of the asking price.  I would buy a book on real estate before buying a house.  Get something like real estate for dummies,  I know it sounds degrading but its a 20 dollar book and could potentially save you thousands of dollars.  Its better to be informed before making an expensive decision.
343388
Try here there are lots of loan programs. http://www.allsolutionsnetwork.com/cgi-bin/d.cgi/CB9051/no_down_loans.htm
2569
FHA loans for first time home buyers do offer some no money down loans. Talk to your loan officer of choice. These loans may have higher interest rates, and certainly include PMI (premium mortgage insurance) that will increase your payments.
913356
there are lenders here for people with limited credit experience\nhttp://www.wesayes.com
906325
Yes - Thats about what mine was when I bought my house.\n\nLook into first time homeowner or similar programs through your state, that will help you get a better interest rate with an average credit score.
798902
have you considered buying.. if this is the going price for what you are looking for, in your area, then you could probably buy a home.. besides there are many 1st timer gov money (lot free $). programs you can web search or check with a realtor... i have no problem in paying a realtor their commission they work hard for it you too may want to talk with one ( i suggest using a well established firm.\n\ni would suggest that you check for the sellers list, owners  where you shop ect (network your desire to buy a home )
1060024
You need a private lender.  Explain your situation to them and hopefully one will be willing to take on the risk.  It will help a lot if you have a steady long term job.   Private Lenders charge more interest than banks and some of them do show up on credit search - make sure yours doesn't.  In Canada they advertise in major newspapers under the category, "Money to Lend."  We got our house this way and it worked great.  Good luck with the dream home!
218095
You don't need a downpayment.  Most banks offer loans for people that make less than $50k/year.  I know that Fifth Third Bank has a loan called the Good Neighbor loan.  There's no down payment and no PMI required.  Check it out at www.53.com.
1081087
You should check out Brian Sacks' Website at:\nhttp://www.loanofficersuccess.com
543593
There are many programs available for first time homebuyers.  I closed on my first house for $300 out of pocket.  The county made my downpayment for me.  Talk to a Realtor.  He/she will be able to tell you what programs are available in your area.
796405
try borrowing from prosper.com. It is a people to people lending site that's getting very good reviews. Good luck..
419903
With no deposit loans the interest rate is higher (to cover their losses) and you need REALLY good history, 3 years in the same job, good income and NO defaults on your credit statement.  If you meet these critera then it may be good not having to put any money in.\n\nBut another option is to go through Keystart Loans, they only need a $2000 or 2% deposit depending on which is higher and you can use your first home owners grant as that deposit.\n\nMost other banks wont allow you to use your grant and you just get the money later on.
22006
The first answer is good, but too confusing.  Everything depends on YOUR score and how much MONEY you are willing to spend. BUYER BEWARE !!!Promises are made to be broken.  You should get a FREE pre-approval from a Mortgage Broker.  There are literally hundreds of lenders that provide zero down financing so you won't have trouble finding someone to get you approved.  Since you are a physician, get the following stuff ready for the loan officer.  If you have a practice, you will need at least 12 months worth of your BUSINESS bank statements and 2-years of business licenses.  If you work as part of a staff, you will need to prove that you now have a job and that you graduated and are working in the field of your major.  Don't get too bogged down on "Competitive"...there's no such thing as a free lunch.  Trust me, you want to pay your own closing costs because that means a lower interest rate. In most cases, the seller should pay ALL of your closing costs for YOU, make sure you ask!  Another caveat, zero down means no PMI, but the interest rate (APR) is usually 1.5% higher than those advertised > 6% even with credit scores in the high 600s and 700s.  But look at the bright side, the interest is tax deductible....Private Mortgage Insurance isn't.  Good Luck!!!
711104
Try confused.com to compare all the lenders.  You can apply directly online from that website.
569833
Hey Dude,\n\nThe usual answer is: it depends. Here is a summary of the loan types you are talking about:\n\n80/20: This is a no down payment loan at 100% of the purchase price. This loan will avoid having to pay PMI. The rate on the second is typically higher than the rate on the first mortgage.\n\n100% Single loan: Can't think of a good reason to have it since you have to pay PMI that is not tax deductible. On the 80/20 loan you can deduct the interest. You would have to wait until the loan balance is 78% of the property value before you can get it removed.\n\nFHA: this can be a great loan if your credit is a little shaky. You need to put 3% down, or have the seller be willing to work with you on a down payment assistance program. If you can't qualify for good rates on the 80/20, you may still get good rates on the FHA. If you have good credit, then this is not a good loan to have as you will have to pay MIP (Mortgage Insurance Premium).\n\nJohn Visser