Go to top. Those guidelines vary, depending on the type of loan program. Gift money acceptable for additional funds needed. Sellers can pay a percentage of closing costs based on LTV limit. No downpayment required.
Seller can pay ALL costs of the loan if negotiated as part of the contract.
Go to top. Credit History Conventional Loans Clean credit history for past 24 months. Bankruptcies more than 4 yrs. Credit scores suggested to be over 620. FHA Loans Clean credit history for past 12 months Bankruptcies more than 2 yrs.