Is it possible to buy a house with no money down? Yes. Is that a smart choice? It depends. Securing a mortgage, especially for the first time, comes with many different considerations. Continue reading to learn more about avoiding a down payment from the team at GVC Mortgage.
Tag Archives | USDA Loans

What Is a USDA Loan?
For many Americans, buying a home is a dream, but often seems impossible to achieve. In the generation plagued by student loan debt, many millennials believe they won’t be able to buy a home because they cannot save for a down payment. However, thanks to the U.S. Department of Agriculture, there is now an option […]
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Required Documents
- 2 most recent paycheck stubs
- 2 months of bank statements (checking, savings, etc.)
- 2 years full federal tax returns (including W-2s and 1099s)
- Copy of your driver’s license
- Insurance agent contact information
If applicable, the following items will also be needed
- Divorce decree
- Bankruptcy papers
- Proof of child support
- Awards letter (social security and pension)