Phone
(360) 289-3100
Fax
(360) 289-3111
Toll Free
(888) 469-3100
E-Mail Us
Coldwell Banker Ocean Beach Properties
749 Point Brown Ave NW Suite 1
Ocean Shores, WA 98569




Questions & Answers
Get the answers on home selling and buying.
No Money Down - Q & A
Q:  Are there no-down payment home loans?
A:  Though some real estate experts advise against it, home buyers interested in buying a house with nothing down can do so. Occasionally, a builder will offer no-down-payment loans to induce sales in an otherwise slow-moving project. Desperate sellers will also promise to finance the down payment to get out from under a property. A veteran can buy a house with nothing down through a VA home loan, as can members of some pension funds

Q:  What about nothing down?
A:  Though some real estate experts advise against it, home buyers interested in buying a house with nothing down can do so. But it's not easy finding these loans and in some cases they can be risky. Occasionally, a builder will offer no-down loans to induce sales in an otherwise slow-moving project. Desperate sellers also may agree to finance the full purchase price to get out from under a property. The Department of Veterans Affairs, or VA, loan program is one program that allows buyers to qualify for a no-down loan.

Q:  Is equity sharing a good idea?
A:  Equity sharing is not as popular in a slowly appreciating real estate market as in a rapidly appreciating one (when equity investors are easy to find).

Nevertheless, a form of equity sharing called tenants-in-common partnerships is becoming more popular, particularly in high-priced markets. First-time buyers are the most interested in TIC arrangements because it gives them a way to buy property collectively with an unrelated partner.

Loan underwriting standards are more complicated in TIC deals because lenders have more than one party's financial situation to assess. But many standard loan programs do apply.



Copyright 1999 Inman News Features


Preferred Partners
Check out the best in local home-related services.
Automated E-mail Listings Service
Sign up to automatically receive new listings today!
Home Advice
Get the answers on home selling and buying.
Real Estate News
Find out what's happening in real estate.

Articles
Saving for the Down Payment
Closing Costs
Getting Your Finances in Order
Your Credit History
How Mortgage Loans Work
When To Pay Points
Adjustable-Rate Mortgages
How Much Can You Afford?
Mortgage Glossary
Free CMA Request
Free Reports
Pre-Qualify Now!
Pacific Beach Washington Real Estate
Moclips Washington Real Estate
Aberdeen Washington Real Estate
Grays Harbor County Washing Real Estate
Hoquiam Washington Real Estate
Featured Agent Network
Free Moving Quote

Virtual Tours
Contact us
Home
See our Listings
Search all Properties
Featured Properties
Waterfront Properties
View our Agents
ColdwellBanker.com
Driving Directions
Nightly Rentals
City of Ocean Shores
Ocean Shores Events
Clam Tides
Grays Harbor Tourism
North Beach PAWS
Interpretive Center
Chamber of Commerce
School information
Phone
(360) 289-3100
Fax
(360) 289-3111
Toll Free
(888) 469-3100
Coldwell Banker Ocean Beach Properties
749 Point Brown Ave NW Suite 1
Ocean Shores, WA 98569


Homes.com Copyright 2000-2006 Homes.com, Inc. All Rights Reserved. Privacy Policy. Full Terms and Conditions.
HOMES.COM is one of the largest Internet real estate sites with hundreds of thousands of homes for sale and apartment rentals with photos, descriptions, and relocation services. The advertisers and publishers are not responsible or liable for misinformation, misprints, or other errors. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental.

Equal Housing Opportunity

Member Login