4 ms·

"No money down" - Sounds too goo to be true, doesn't it?

• breckenedge 3y ago
  No, it’s how a lot of people get their start. There’s also the FHA loan where people put down 3.5%.
  • DamnYuppie 3y ago
    Difference is VA loans do not pay PMI.
• leed25d 3y ago
  That's how I bought my house. No money down, 2.65% mortgage
• appplication 3y ago
  It’s absolutely not to good to be true, it’s one of the best benefits available to veterans. I actually got paid to close with my VA loan (basically a negative down payment). This was a few years ago so the market was different, but it wasn’t uncommon to request e.g. some percent of the purchase price as seller concessions. If the total down payment is 0, anything over closing costs can get paid out to you.