Found 3 blog entries for May 2019.
How to Afford a Home in 2019
Your Down Payment
Before you can purchase a home, you’ll need to have a down payment ready. Most conventional loans will require 20% of the home price in order to avoid private mortgage insurance (PMI), but don’t panic - there are many loans that will let you purchase with a much lower down payment. FHA loans require a minimum down payment of 3.5%, and some conventional loans may go even lower (but will include PMI); there are even programs that will let you buy for $0 down (such as veteran VA loans). To find out more about available loans programs and their requirements, don’t hesitate to reach out to us.
If your budget is tight, you can save for a down payment by putting aside your tax return, a job bonus, or…