Saving for a down payment can be daunting, especially in Northern Virginia where 20% of the average home price is upwards of $100,00. But there are several options for low, or even no, money down payments. One thing to keep in mind, particularly for servicemembers that anticipate living in their home for a few years and renting for cash flow once they PCS, is that while you may be able to obtain a mortgage with no down payment, you may need to put some money down in order to keep your total monthly payment lower than potential rent. Read on to learn about several money saving options.

No Money Down Mortgage Options

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