Today Lending Blog

There’s a saying that you can’t get something for nothing, but you can still get no money down Oklahoma mortgages if you know where to search.

FHA Mortgages

If you are a first time homebuyer considering a FHA-insured loan might be worth considering.   Some of the advantages of a FHA loan are:  You are not required to put a lot of money down and sometimes no money down, if someone “gifts” you the down payment.  The interest rates are typically lower because it is a federal government loan.  Lending requirements are not as strict as traditional lenders.  You may still qualify if your credit isn’t A+.

VA Mortgage Loans

If you are actively serving or retired from the military, you may qualify for a VA home loan.  VA loans make it possible to purchase a hoe with “no money down.”  Closing costs can be paid by the seller and some of the closing costs can be incorporated into the loan.  To see if you qualify contact the Veteran’s Administration or your lender for more information.

USDA Home Loans

USDA home loans are available for rural areas with no money down and 100% financing.  This loan program sponsored by the U.S. Agriculture Department is a great opportunity for low to moderate income individuals to purchase a home.

No money down Oklahoma mortgages are available, if you know where to look.  Contact a lender in your area today and see if you qualify.  You could be celebrating the holidays in your new home with no down payment.