+1 vote
asked in FHA Loans by
I won't be able to save for the down payment at least for another 5-6 months. However, I wanted to know were there other options to secure a mortgage with assistance or financing the down payment. I am ready to begin the process, but this is my hesitation.

1 Answer

0 votes
answered by (41.8k points)
You can get the down payment gifted or try to go with USDA loan. Down payment assistance loan programs require higher credit scores and many have a lot of overlays. Up to you if you want to try and see if you qualify. Every DPA loan program has different guidelines and requirements.