{"id":1160,"date":"2019-03-18T15:31:46","date_gmt":"2019-03-18T22:31:46","guid":{"rendered":"https:\/\/propy.com\/browse\/blog\/?p=1160"},"modified":"2019-07-24T06:30:38","modified_gmt":"2019-07-24T13:30:38","slug":"how-to-buy-a-house-with-no-money-literally%e2%80%a8","status":"publish","type":"post","link":"https:\/\/propy.com\/browse\/how-to-buy-a-house-with-no-money-literally%e2%80%a8\/","title":{"rendered":"How to Buy a House with No Money\u2026 Literally\u2028"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/propy.com\/browse\/wp-content\/uploads\/2019\/03\/104-How-to-Buy-a-House-with-No-Money-1024x5511.jpg\" alt=\"How to Buy a House with No Money\" class=\"wp-image-1318\"\/><\/figure>\n\n\n\n<p>You might wonder how to buy a house when you do not seem to have the funds for it. However, buying a house does not mean that you need to have a lot of money. As long as you are getting a steady income for the foreseeable future, then you can find ways to buy a house.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">How to Buy a House with an Assistance Program<\/h3>\n\n\n\n<p>If you are a first-time homebuyer, then you will have distinctive benefits. It is customary to assume that first-time homebuyers do not have a lot of funds for a <a href=\"https:\/\/propy.com\/browse\/wp-content\/uploads\/2019\/03\/Down_payment\">down payment<\/a>. Some live paycheck to paycheck and do not have extra capital to spare. There are a few different assistance programs from which to choose; you just have to do your research. You can look for a <g class=\"gr_ gr_130 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del\" id=\"130\" data-gr-id=\"130\">homebuyer<\/g> grant from the government. Furthermore, some <a href=\"https:\/\/propy.com\/browse\/wp-content\/uploads\/2019\/03\/real-estate-opportunity-zones-3-things-you-need-to-know\">cities<\/a> offer different programs, too. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">FHA Loans<\/h3>\n\n\n\n<p>An FHA loan can benefit a first-time homebuyer. FHA loans are not necessarily a zero down mortgage plan, but you can use the down payment as a gift. With an FHA loan, there are low interest rates. Additionally, a low credit score can be sanctioned, sellers can recompense over 5% of the closing costs, and a high-debt-to-income ratio will be accepted. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Should You Use Gift or Retirement Funds?<br><\/h3>\n\n\n\n<p>Depleting gift money or retirement savings is a personal choice. If you are a responsible individual and you are putting the money to good use, then you could be doing yourself a favor. However, if you are not responsible and you feel the need to spend all of your money, then reconsider. Additionally, if someone is willing to give you a loan and you have no money, you should have the motivation to repay the loan. Certainly, you need to be responsible when you buy a house. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>You might wonder how to buy a house when you do not seem to have the funds for it. However, buying a house does not mean that you need to have a lot of money. As long as you are getting a steady income for the foreseeable future, then you can find ways to buy&hellip;&nbsp;<a href=\"https:\/\/propy.com\/browse\/how-to-buy-a-house-with-no-money-literally%e2%80%a8\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">How to Buy a House with No Money\u2026 Literally\u2028<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":1318,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[19],"tags":[4422,2543,331,27],"yst_prominent_words":[4256,761,4251,4254,4253,4252,3690,4343,2233,4255,4257,339,1643,3462,609,4258,1215,3745,3692,1853],"class_list":["post-1160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-homebuyers","tag-home-buyer","tag-homebuyer","tag-how-to-buy-a-house","tag-real-estate"],"acf":[],"_links":{"self":[{"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/posts\/1160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/comments?post=1160"}],"version-history":[{"count":0,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/posts\/1160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/media\/1318"}],"wp:attachment":[{"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/media?parent=1160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/categories?post=1160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/tags?post=1160"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/yst_prominent_words?post=1160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}