Did you know….
…you do not necessarily need a 20% down payment to buy a home?
Many buyers often stop looking for a house before they even start because they think, “how will I ever save enough?”
Home ownership is still possible as there are several programs available which allow buyers to make down payments less than 20%.
Some programs offer 3.5-10% down payment options with approved credit, and for Veterans, there are zero down programs so that you can go to the closing table and pay nothing.
Keep in mind that if you put less than 20% down, you’ll be asked to carry Private Mortgage Insurance (PMI), which we can dive into more later on!
If you’re thinking of becoming a homeowner in 2021, start speaking with a lender - we can help connect you with one who can help go over your options and details about the different programs!
Contact us for more information or to get started!