(to prove they could handle the monthly bills).
It turned out Sarah’s dream cottage on the edge of town qualified for a . Because the area was designated "rural" by the government, the down payment requirement was exactly 0%. Chapter 2: The Veteran’s Edge how to buy your first home with no money down
Even if they stayed in the city, the lender showed them a program. The state offered a "silent second" mortgage—a small loan that covered the 3.5% down payment required for an FHA loan . It was essentially a gift from the state that they didn't have to pay back as long as they lived in the house for five years. The Happy Ending (to prove they could handle the monthly bills)
