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A bad credit score doesn't have to prevent you from owning a home. Learn how to get a home loan with poor credit by following the tips in this quick guide.

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No Money Down Foreclosures. There are several ways to purchase a home, including a foreclosure, without using any cash. This may not be the preferred method of buying a foreclosed home, but if it is your only option you need to consider each and every strategy. You should begin by searching for Federal Housing Administration (FHA) foreclosed properties. These are different than others because you will find yourself in position to buy the property with little or no money down.

Once the closing appointment is completed, you will receive your keys and the bank will have transferred the property in your name. At this point, you have made a foreclosure purchase with no money down and no one checking credit.

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If coming up with a down payment is a struggle, an alternative to buying a house with no money down is an FHA loan. The FHA does not offer a no-money down loan. However, they do allow for loans with a down payment as low as 3.5% of the home’s purchase price. Lenders offing a FHA loan are also restricted in the fees they are allowed to charge you.

Age-old wisdom that says you should buy a home to avoid "throwing away. in a dumb money move that only sounds smart because no one has worked.. But because you have been paying down your loan a little bit each.

Learn how flipping houses with no money works and how to do it, including the 3 most common ways to flip houses with no money down. When readers buy products and services discussed on our site, we often earn affiliate commissions that support our work.