FHA Loans
100% LOAN 0% DOWN PAYMENT USING AN FHA LOAN 2024 | FHA Loan Secret
Patrick Kevin Fagan breaks down the FHA Loan secret behind a 100% loan with 0% down payment: how first-time buyers can structure an FHA purchase to minimize cash to close, use seller concessions and down payment assistance, and walk toward closing while keeping more of their own money in their pocket. You will see exactly how the numbers work and what it takes to qualify.
What You Will Learn
An FHA loan is one of the strongest tools first-time buyers have, and in this video Patrick shows how a 100% loan structure with 0% down payment is possible when you combine the FHA program with seller concessions and down payment assistance. You will see the actual cost math, what FHA allows, and how he structures offers so buyers keep more of their own money in their pocket.
Whether you are buying in San Antonio, Bulverde, or the Texas Hill Country, Patrick's dual license as a REALTOR and Loan Officer means your financing and your offer get built together, which is what makes a low cash-to-close purchase realistic instead of theoretical.
Key Takeaways
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How 100% Financing Works With FHA
FHA allows sellers to contribute up to six percent of the sales price toward your closing costs, which is a big part of how a 100% loan with 0% down works in practice.
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What Actually Counts as Cash to Close
Patrick walks through the Loan Estimate line items such as down payment, closing costs, and prepaids, and shows which ones seller concessions and lender credits can cover for you.
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Down Payment Assistance Can Stack
When you qualify, Texas down payment assistance programs can cover part or all of the 3.5% FHA down payment, shrinking your cash to close even further.
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The Credit and Income Requirements
FHA's 3.5% down path is available with a 580 minimum credit score, and the video covers how debt-to-income and your liquid reserves affect approval.
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Why Structuring the Offer Matters
Because Patrick is both your agent and your loan officer, he can pre-qualify you and build the purchase offer around your financing so the deal actually closes.
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A Real-World Example You Can Follow
Patrick walks through a worked example of buying a home with cash to close near $1,000, and the complete guide below shows every step with the numbers laid out.
Companion Guide
This video pairs with Patrick's complete, step-by-step article that walks the exact numbers. Read the full guide: how to buy a $300,000 home with around $1,000 cash to close and see the breakdown from pre-approval to closing day.
Read the Complete GuideContinue Learning
New to the program? Patrick explains FHA loan basics, including the 3.5% down option and what FHA actually costs.
Want help with the down payment? Down payment assistance programs explained shows how grants and DPA loans can reduce what you bring to closing.
Have Questions About FHA Loans or 100% Financing?
Patrick is a dual-licensed Loan Officer and REALTOR who can structure your FHA offer and financing together so your cash to close stays as low as possible.
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