When I’m talking with clients I still hear that some people think they need 20% down to buy a home. This is not true! You can buy with as little as 3% down – and sometimes with zero down! Every situation is different! VA loans allow for zero down – so do USDA loans. Some first time homebuyers can qualify for down payment assistance. This gives some ideas of what you may need for a down payment.
Some Highlights
- If you want to buy a home, you may not need as much for your down payment as you think.
- There are various loan options for qualified buyers with down payments as low as 3.5% or even no down payment requirement. There are also thousands of programs available to help homebuyers with their down payments.
- With the right resources, your down payment may be more within reach than you realize. To learn more about your options, let’s connect.
This post is from our blog at Keeping Current Matters.
Leslie Vanderwerf, NMLS ID#335509, CrossCountry Mortgage LLC, An Equal Housing Lender, NMLS#3029 – Email – Website
