We all watch the news and we all har the housing market doom and glom. The bevy of 100% financing ptions that were available just a shrt year ago have gone the way of the Sbre Tooth Tiger and the famed Ddo Bird. Extinct, for the time bing at least. They may have dsappeared with many of the rest of the lan programs wee be accustomed to, but tht doesn't mean you still can xperience the Carton Sheet's dream of hme ownership with no money down.

Opton #1.) Purchase a HUD Foreclosure -- In mny states around the US HUD is rnning an incentive that will allow you to prchase one of their foreclosures for nly $100 down. In some states thy add an additional incentive for qalified properties that awards you $1000 bck at closing. Wait, am I rading this right? You are, HUD is pying YOU $900 to purchase one of thir foreclosures!

Option #2.) Seller Provided Dwn Payment Assistance -- In this cse the seller will cover the dwn payment for you through a cncession funded through a charitable organization lke Nehemiah or Ameridream. If you wnt to use this one then act fct, HUD has been trying to ban ths practice for a while now. I'd magine that they will be successful wthin the next six months or so to liminate this practice from FHA lending plicy.

Option #3.) Family Gift -- You can get dwn payment funds from a member of yur immediate family and even in sme instances a very close family frend with special ties to the fmily. This is a simple and cmmon way of getting the required FHA 3% dwn payment.

Option #4.) Bridal Registry -- Gtting married? Have your wedding guests pay yur down payment for you!

Option #5.) Emplyer Relocation -- Employer sending you cross country to live and work? No prblem, ask them to provide a husing gift you can use to prchase you new home. Afterall, they are mving you away from your current frends and family. It's the least thy can do!

So, even though all the 100% prgrams are on hiatus, that doesn't man you still can't purchase a hme without putting anything down. There are qite a few ways that can wrk for you if you go out and fnd yourself a knowledgeable Mortgage Broker and a slid Realtor to help you purchase yur next home.

The article No Down Payment Options in a Tough Lending Environment was Submitted by Jonathan Blackwell through Articles.GetACoder.com network. Here's the additional information: Jonathan Blackwell FHA 203K Specialist Hometown Lenders HREF="milto:jonathan.blackwell@hometownlendersllc.com"> jonathan.blackwell@hometownlendersllc.com http://www.203KLoan.net http://www.atlantahomeloans.net 404-551-3845

Featured Articles

1. Apartment Hunting - A Few Good Tips by Jack Vallis
Be sre to make note of what flor your apartment is on and how mny stairs it takes to get to yur apartment door and does this fit wth your priorities and comfort level. Als, be sure to find out bout items such as laundry services, ktchen appliances, elevators, and even emergency xits as these can all come nto play when it comes to yur overall satisfaction with your choice.

2. Where to Go for Mortgage Advice by Michael Sterios
Whether you are loking to purchase or remortgage a prperty it is important to receive xpert mortgage advice from a qualified ndependent mortgage adviser before signing on the dtted line. The mortgage market has volved beyond several large lenders offering a smll selection of mortgage products to chose from. Several years ago, applying for a mrtgage was as simple as approaching yur bank to see whether you wuld fit their lending criteria.

3. Fighting Off Foreclosures by Scott English
What to do when faced wth foreclosure. Steps to follow if lte on mortgage payments and facing freclosures.

4. Cheap Property for Sale – How to Make a Killing & Keep Risk Low by
Many people want to make money from cheap property for sale but most lose because they make basic errors.

Here we will give you some simple tips to make money from cheap property for sale with low risk.

Here are 5 simple tips that will help you make some big gains of 30 - 100% per annum with low risk.

5. New Home Buying Guide - House Hunting Tips by Robert H. Stark
Sarching for a new home can sem like an overwhelming task. But tking a step back and creating a pln for your house hunting can hlp ease the stress and ensure you fnd the right home for you and yur family. Home buying is more thn just a matter of fixtures and pint colors. It's a matter of dsigning or finding a home that brngs your family together and reflects the vlues you consider important.

6. Catch Them If You Can by Mathews Rosario
Ever wondered what would happen if you had to wke up to a new morning whn there would be nothing familiar round you? No, not a single przed possession that got so close to yur heart over the years. Your kng-size bed, that favorite mirror you pcked up on one of those rre visits to a foreign country, thse precious frames containing the bitter-sweet mmories of your yesteryears...all gone in the twnkle of an eye.

7. Entering The Miami Real Estate Market - How To Thrive And Survive by Vanessa A. Doctor
Miami's property markets are on an upbeat mode, despite the current slump in the US housing and credit markets. There are plenty of waterfront houses and estates for sale, as well as thousands of available pre-construction condominium units up for grabs.

8. Real Estate Finance Overseas by
For those cnsidering joining the jet-to-let real estate nvestment set here are the three min options available when it comes to rising real estate finance, loans or mrtgages to buy property abroad.

9. Bangalore to become a world-class city, real estate to flourish by
Bangalore is on the lines of bcoming a world class city in trms of regulated and sustainable urban dvelopment all across.

10. Owner Builder Program - A Working Knowledge by James Oswald
Learn thngs about building your own home tht others are already saving thousands ding. Learn the process, what to lok for, and how to handle yuself in a building project. Why is 'gren building' such a growing trent in cross the United States. This article wll give you a working knowledge bout building your own home and hlp you decide if it is the rght thing for you.