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Do I HAVE to have a down payment?

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DallasLoanGuy
Super Contributor

Re: Do I HAVE to have a down payment?


@Anonymous wrote:

I was told that I could for example, get a loan for $80k, I could try to get the seller to go down $5k to $75k and use the $5k as a down payment and to pay for closing costs?

 

Also, what is your advice on this...

 

I filed bk 6 years ago in April and chose to give up my house, I was told that I could go through first time homebuyers again when I try to buy another house since it has been 6 years since I've owned a home? Is this true?

Thank you!


 

seller can pay closing costs.... but not down payment

 

Retired Lender
Message 11 of 12
Anonymous
Not applicable

Re: Do I HAVE to have a down payment?

Yes, you are right Dallas & Shane do seem to be the experts on this. Everytime I post a question, I'm always hoping one of them will respond. Thank you very much!
Message 12 of 12
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