Mortgages For Dummies, 2nd Edition Buying a house or condo with little cash to contribute towards the down payment and closing costs is actually still possible, even in with the mortgage community experiencing a sub-prime mess. Home sellers and home builders, as well as their real estate agents, have never been more eager to sell you a home. Simply, forget what you read or heard about the “subprime” mortgage market. That segment of the “for sale” inventory is a very small fraction of the home sales market. If you have good income and a [tag]FICO[/tag] score over 620, you can probably qualify for a conventional mortgage. Qualified veterans can obtain no-down-payment VA mortgages with minimal closing costs. PMI ([tag]private mortgage insurance[/tag]) home loans for 90 percent, 95 percent and even 100 percent are grabbing a rising share of the mortgage market.

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