Thursday, January 15, 2015

You Don't Need a 20% Down Payment

0% Down Payment

The Veterans Administration and US Department of Agriculture (USDA. Some Housing and Urban Development (HUD) also offer properties with as little as $100 down.

3.5% Down Payment

The Federal Housing Administration (FHA) loan program can allow as little mas 3.5% down, and it is more lenient than most other programs on minimum credit scores and other factors.

5% Down Payment

Fannie Mae/Freddie Mac conventional loans are available with down payments as low as 5%! The minimum on these programs can change dependent on factors such as property type. credit score, occupancy, etc.

0-20% Down Payment

And there are many other options in between. I'll direct you to the right Bank or Mortgage Broker to get you into your "Dream House".

Your Wicked Good Realtor, Ed Hughes

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