I am looking for a foreclosed home .?

Foreclosed homes can sometimes be purchased at a discount, but they don't always qualify for zero-down financing, and availability depends on the current inventory in your area. If you're looking in the 76108 area for a three-bedroom, two-bath home with little or no money down, I recommend speaking with a local Realtor and a lender. They can help you determine whether you qualify for programs such as VA, USDA (if eligible), or certain down payment assistance programs, and set up a search for foreclosures that meet your criteria. A local Realtor can also explain the differences between bank-owned homes, HUD homes, and foreclosure auctions so you can decide which option is the best fit for your situation. Juan Picos Realtor | JohnHart Real Estate

The two things you are asking for pull against each other, and knowing why will save you months. A true foreclosure auction is a cash transaction, and a zero down buyer cannot participate in one. But there is a version of this that works, and it is a specific combination most people never get told about. First, what a foreclosure actually is in Tarrant County. Trustee sales are held the first Tuesday of every month at the base of the courthouse steps on the west side of 100 West Weatherford Street in downtown Fort Worth. Notices go up 21 days before and are posted on the county website. The property goes to the highest bidder for cash or certified funds, on the spot, with no financing, no inspection, no title clearing and usually no chance to see the inside. If there is a tenant or the former owner still living there, evicting them is your problem. That is the real thing, and it is an investor arena. It is not where a first time buyer with zero down should be. What you actually want is REO. That is a property the lender took back at the auction because nobody bid, then listed on the MLS with a real estate agent like any other house. REO you can finance. REO you can inspect. REO you can use assistance programs on. Ask your agent to filter MLS for bank owned and corporate owned listings in 76108, and set up an alert, because these come and go quickly. Set your expectations honestly, though. Foreclosure listings made up roughly 1.3 percent of all homes for sale nationally as of April 2026. Realtor.com's economists describe the trend as foreclosures normalizing back toward 2019 levels rather than any kind of crisis. There is no wave of cheap bank owned houses out there. In 76108 you may see a handful a year, and they will have competition. Now the financing, which is the part that decides everything. Jessica already covered the two true zero down loans and she is right on both. VA is the best one by a mile if you or your spouse served, no down payment and no monthly mortgage insurance. USDA is the other, and she is right that it is rural only. One caution on that. 76108 sits inside the Fort Worth metropolitan footprint and straddles Fort Worth and White Settlement city limits, so USDA eligibility there is a long shot and it has to be checked address by address on the USDA eligibility map, not by zip code. Check the specific house, not the area. If neither of those fits, here is the combination that gets most people to zero out of pocket in your zip code. Use an FHA loan at 3.5 percent down, then cover that 3.5 percent and your closing costs with down payment assistance. The programs, specifically. The City of Fort Worth Homebuyer Assistance Program can provide up to $25,000 to income-qualified first time buyers, but the home has to be inside Fort Worth city limits, and up to 3 percent of the loan amount can go to closing costs with the rest to down payment. Fort Worth Neighborhood Services can tell you the current income limits and whether funding is open. Tarrant County runs its own program that goes as high as $50,000, but it specifically excludes homes inside the Fort Worth, Arlington and Grand Prairie city limits, so find out which side of the line your address is on before you rule either out. Statewide, TSAHC offers grants up to 5 percent, and TDHCA runs My First Texas Home and My Choice Texas Home with roughly 2 to 5 percent in assistance. Some of these can be layered and some cannot. One more piece, because a foreclosed home usually needs work. FHA has a renovation product, the 203(k), and the Limited version now allows up to $75,000 in rehabilitation costs rolled into the loan, raised from $35,000 for case numbers assigned on or after November 4, 2024. The Standard version handles structural work with a $5,000 repair minimum and a required FHA consultant. That is the tool that lets you buy a beat up REO that would otherwise fail an appraisal, and it is exactly the missing piece in most zero down foreclosure searches. On low payments, Jessica had the right instinct. Payment is driven by price, rate, taxes and insurance, and Texas property taxes are the line people underestimate the most. Get a full payment estimate with actual Tarrant County tax rates in it, not a rate quote. Order of operations: talk to a lender who is approved for both FHA 203(k) and the Fort Worth and TSAHC assistance programs, get a written pre-approval, confirm which city limits your target addresses fall in, then start looking. Doing it the other way around wastes everyone's time. I am a real estate professional and not a lender, so the qualifying and program eligibility calls belong to a licensed loan officer. Straight with you about my end. I am Zoltan Peresztegi and I work the Los Angeles South Bay and the Palos Verdes Peninsula in California, so Fort Worth is not my market and I will not pretend to know 76108 street by street. I would be glad to connect you with a Tarrant County agent from my referral network who works assistance program buyers regularly, because that experience matters far more here than general market knowledge. Just say the word. Zoltan

I would speak with someone in your area.

Speak with a local realtor. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Hello were you able to get ahold of a Realtor? If not I would love to help you! 414-840-01210

Hello Kathy! There are some zero down programs available. The most popular is VA. If you are a veteran, you may qualify for this option. Another zero down loan program is USDA, but this applies only to more rural properties. Lastly, if you qualify, there are some grants available to first time home buyers to cover your down payment. Low payments... that just depends on the total cost of the home. I would be happy to help further. I think your first step is to chat with a lender to see what you qualify for then we can go from there. :)