5 Ways to Buy a House With Bad Credit and no Money Down

Home is where all the memories are made. It is our sanctuary and the place we come to every single day leaving hard work and all the work related stress behind. Our home is the thing we look forward to at the end of the day because our loved ones are there. Everyone who rents an apartment or a house can agree on this since living in someone else home is so difficult. Your freedom is limited and you need to make sure you leave everything the way you found it. As for me, I bought my new house not so long ago, so I am very happy to have my own home with a big garden. Insidermonkey experts made a list of 5 ways to buy a house with bad credit and no money down.

We have picked one idea from the list. VA loans are made possible thanks to the Department of Veterans Affairs and they allow veterans and their spouses to buy a house with no money down. The closing costs are limited and the average interest rate is lower than usual which makes it perfect for those who can’t afford huge down payments. Additionally, these loans don’t require mortgage insurance so it reduces monthly costs. The funding fee is between 2.15%-3.3% depending on several factors such as what military branch did you serve in. You can find more information about VA loans on their website. You can also check our list of 10 Easiest Countries to Buy a House in the World.

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