Who Says You Can\'t Buy a Home! There is no need to stop you from buying a house or condominium even though you may be “cash challenged“. In this buyer’s market, home sellers and home builders, as well as their real estate agents, have never been more eager to sell you a home. If you have good income and a FICO score over 620, you can probably qualify for a conventional mortgage. Qualified veterans can obtain no-down-payment VA mortgages with minimal closing costs. PMI (private mortgage insurance) home loans for 90 percent, 95 percent and even 100 percent are grabbing a rising share of the mortgage market. FHA is talking with Congress about eliminating its 3 percent down-payment rule and raising its maximum mortgage limit.

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