For most, owning a home is far more desirable than being a renter. However, there are obstacles that seem to make it either not a possibility for you, or keep the dream of your own home far in the future.
One of the largest is a down payment. Gone are the days of conventional loans with little documentation and no down payment. ( and this might be a good thing) However, for owner occupied homes, even FHA loans require about 3.5% down. If you are buying a median priced home in our county ( Pierce County WA) you would be needing to come up with almost $8500.00, and that is if are not talking about covering your own closing costs, which could be close to the same amount.
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Many would be home owners just don't know where they will come up with that much money.
If you would make a good home owner, ( you want to live in one place for at least a few years, you are willing to maintain your home, you have the income to cover mortgage payments and a few unexpected expenses) and you would like to purchase, but your have not figured out how to overcome the down payment issue yet....there is hope!
Good news is, there are still ways to purchase with zero down. One of these methods is to get a USDA loan. Now I know you are likely used to seeing USDA in association with this...... 
But believe me, the USDA does much more than regulate meat. USDA also has a loan program where you can qualify for zero down. You do not have to be low income. You do not have to have, worked for the USDA or any other organization. The trick is you have to purchase as home that is located with in chosen areas that are approved for USDA loans. Since USDA stands or United States Department of Agriculture, you may assume that this would be for the purchase of farm land....or at least a home in a very rural setting. Actually however, this is not true. I actually sold a condominium town home in downtown Gig Harbor under this loan program a while ago. Currently I am helping clients find the home they want under the program as well, and let me assure you they are not shopping in rural areas.
If you want to find out more about this program and be referred to a lender who can help you with a USDA loan, please call me and I will help you get started on finding a great lender who can help you get qualified for this type of loan. If you want to know how to know if a property is eligible, I will be happy to help with that too. If you know someone who would benefit from this information, again, please contact me or pass on my information and I will be glad to help.
Anna Matsunaga, Team Momentum, Keller Williams Realty Tacoma 253-212-1252
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