Bad Credit No Money Down Home Loans

If you are looking for a FHA home loan with bad credit and no money down you will likely need down-payment assistance to cover the 3.5% minimum down that the Federal Housing Administration requires to insure.

Usda Direct Home Loan Loan Types For Houses These FHA loans and 203K loans are both insured by the federal housing authority, but they differ in the types of property they’re suitable for. FHA loans, in general, are geared towards owner occupants financing a primary residence. 203K loans are better suited to buyers who are interested in fixing up a property.