To be honest, in this hot market here in the Silicon Valley that is going on right now, with many homes receiving 3, 4, 5. . . 10+ offers, CASH IS KING! It is not impossible, but it is difficult getting an offer accepted when the buyer has a loan. For those of you who don't know, sellers typically like an offer from a buyer that is all cash. The reason for this is because 1) a cash offer can close sooner (I've seen cash deals closing in as little as 7 days as opposed to 25 or 30 days for loans), 2) cash deals generally speaking are less headaches (such as appraisal problems - which I won't get into right now).
Be that as it may, I have a buyer who put in an offer with a 10% down loan on great home by the way and his offer still got accepted! So it is possible.
Anyhow, below is a link to a great article from HousingWire about banks easing the restrictions on loans therefore allowing for home buyers who don't have much for a down payment.
Low down-payment mortgage options return
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