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Reply to "Is it completely hopeless? Want to buy home, no down payment."
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[quote=Anonymous][quote=Anonymous]The loan options PP pointed out will work. Another option - you can buy a less expensive condo/townhouse, condo, or small townhouse in some outer areas like Springfield or Burke. There will be a modest appreciation over a 5 yr span. You can then spend the time saving more for a down payment and combine it with the modest profit you make to move up to a larger house. I did this twice and both times were in the last 12 years. [/quote] This is EXACTLY what we are doing now, including a previously mentioned loan option. :-)[/quote]
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