No Down Payment Loans

A little known fact is that FHA has an option for 100% financing.

This is similar to how the NCHFA down payment assistance works, except here you are paying the first and second mortgage - financing 100% of the home.

The benefit is that it is much easier to qualify for than NCHFA. It allows for lower credit scores, higher DTI ratios, as well as co-signers, but has a higher interest rate.

It's still a great way to get into a home.