Can you really buy a house for no money down? The answer is, yes! Investors have used creative financing techniques for years. The secret is now out.

If you have bad to mediocre credit, you might think you won't qualify for a loan. The truth is, maybe a conventional loan isn't for you. Instead, consider a sub-prime or alternative loan.

The Risks of No Money Down

These types of loans usually come with a reputation of outrageous interest rates. But with a little homework on your party, you can find a good deal out there. If your credit is good, and you are eligible for a VA loan, take it. Or, you might consider a conventional loan with little or no money down.

However, be aware that no money down on a conventional loan is not for the short term. If, for example, you finance 100% or more of the home purchase-you can get up to 3% for closing costs-you will not be building equity as fast as somebody who puts a down payment.