4. First-Time Buyer Programs
There are many programs for first-time buyers offered by the government or bank that can help you buy a house even if you have no money for down payment. The requirements for these programs vary from state to state, so you must check with your lender to see if you qualify for it. Their criteria may include income limits or credit requirements, and some of the programs apply to homes in lower-income neighborhoods. One of such programs is HomePathReadyBuyer which offers new house owners 3% of the price towards closing cost assistance. Another is Home Ready Program and it involves houses in lower-income neighborhoods. Now, let’s see the top three on our list of ways to buy a house with bad credit and no money down.
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