No. If you are a first time buyer or a veteran, you can often obtain a loan that will not require you to make any down payment at all. You will still need earnest money, inspection fee and often appraisal fee. In recent 2008 news down payment assistance programs have been outlawed for an undetermined amount of time, making many zero down transaction impossible. However, not all hope is lost. Contact your Real Estate agent to find out if there are any special grant programs in your area that are available to you. < Back Next> Find a home now |
| Do I need a big down payment for a home? |
