| To own a house is a dream for many. Some save up | | | | Ensure that some costs like fees for appraisal, legal |
| to 80 percent of the budget, apply for a small sized | | | | consultation, and inspection are catered for before |
| top up loan and cherish their dream. | | | | closing the sale deed. |
| Due to variation in lending rates in home loans, down | | | | One can opt for seller loan financing by mortgaging the |
| payments for the property and fluctuation in the | | | | property with the seller itself. Occasionally, the seller |
| market value of such properties, some may have to | | | | agrees to pay the closing cost of a deal which will be |
| shelf the idea itself. If one has the capacity to make | | | | a good option to settle for. |
| monthly repayments and has clean credit history, this | | | | Opt for a joint purchase of the house with a known |
| dream can still be cherished, and down payments can | | | | person having a clean credit record. Keep a track on |
| be done away with. | | | | loan facilities to first time buyers by different institutions |
| Here are a few tips on the probable options of | | | | like FHA. These institutes offer loans without down |
| avoiding down payment for purchase of a property: | | | | payment. |
| Take advice from real estate experts for programs | | | | One can invest in purchasing small budget plot. This |
| sponsoring 100 percent loan. | | | | involves lesser credit related hassles. Subsequently, |
| If it is a first time buy, make sure to have clean credit | | | | one can muster a loan and build a house on the same |
| chits. This will strengthen your credentials as a reliable | | | | plot. |
| customer for the full loan. | | | | |