Category: Down Payment

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DOWN PAYMENT ASSISTANCE – MANY PROGRAMS AVAILABLE

If you are looking to purchase a home, but do not have the down payment, there are many different down payment assistance programs available to you. We are a mortgage brokerage and recently found at least 8 different lenders offering down payment assistance programs to whom we can broker. The down payment can be either...

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MINIMUM DOWN PAYMENT REQUIREMENTS

What is the minimum amount you can put down to purchase a home? It depends on whether you are purchasing the home as your primary residence, second/vacation home, or investment property. Also, it can depend on the type of loan. Here are the minimums: • VA, USDA, or down payment assistance loan – No down...

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NO MONEY DOWN LOANS INTEREST RATES

Many lenders will try to sell you no money down loans, or down payment assistance loans, but it is likely that these loans will have higher interest rates and more costs. If you can come up with a down payment, in some instances as little as 1% of the sales price, you may be able...

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DOWN PAYMENT: WHAT CAN YOU USE?

Many lenders will try to sell you no money down payment loans, or down payment assistance loans, but it is likely that these loans will have higher interest rates and more costs. If you can come up with a down payment, in some instances as little as 1% of the sales price, you may be...