Down Payment Myths Debunked

There can be a lot of misconceptions when it comes to getting a mortgage and how much its going to cost you. Here are three commonly believed myths that we have debunked.

1st Myth:

You need a 20% down payment to buy a home.

This is one of the most common misconceptions and it is not true! There are multiple mortgage programs that only require a low or even no downpayment.

2nd Myth:

Low down payment options are only for first time homebuyers.

Low and no down payment loan options are available to many qualified customers, including repeat home buyers.

3rd Myth:

Qualifying for a down payment assistance program is difficult.

Nope! Our lenders take a look at a variety of criteria, such as income, credit scores and property location to find which program could best suit you.

Other FAQs:

What loan programs require low or no downpayment?

  • Conventional: 3.5%
  • FHA: 3.5%
  • USDA: 0%
  • VA: 0%

29 thoughts on “Down Payment Myths Debunked”

  1. I’m really impressed with your writing skills and also with the layout on your weblog.

    Is this a paid theme or did you modify it yourself? Anyway keep up the excellent quality
    writing, it’s rare to see a great blog like this one nowadays.

  2. Everything is very open with a precise description of the
    challenges. It was really informative. Your website
    is extremely helpful. Many thanks for sharing!

  3. Pretty great post. I simply stumbled upon your weblog and wished to say that I’ve
    really enjoyed surfing around your weblog posts.
    In any case I will be subscribing to your feed and I am hoping you write once more soon!

    P.S. If you have a minute, would love your feedback
    on my new website
    re-design. You can find it by searching for «royal cbd» — no sweat if you can’t.

    Keep up the good work!

  4. I’m really enjoying the theme/design of your
    weblog. Do you ever run into any browser compatibility issues?
    A small number of my blog audience have complained about my
    blog not operating correctly in Explorer but looks great in Safari.
    Do you have any recommendations to help fix this problem?

  5. Wow, that’s what I was seeking for, what a information! existing here at this weblog, thanks
    admin of this web site.

  6. Very great post. I simply stumbled upon your blog and wished to say that
    I’ve really loved surfing around your blog posts.
    After all I will be subscribing in your feed and I am hoping you write again soon!

  7. I have been browsing online more than 3 hours nowadays, but I by no means discovered any attention-grabbing article like yours.
    It’s lovely worth enough for me. Personally, if all site owners and bloggers made good content material as you probably did, the net will likely be
    a lot more helpful than ever before.

  8. We are a group of volunteers and opening a new scheme in our community.
    Your web site provided us with valuable information to work
    on. You have done an impressive job and our entire community will be
    grateful to you.

  9. It’s a shame you don’t have a donate button! I’d without a doubt
    donate to this outstanding blog! I guess for now i’ll settle for book-marking and adding your RSS feed to
    my Google account. I look forward to brand new updates and will share this site with my Facebook group.
    Chat soon!

  10. I really like what you guys are up too. Such clever work and exposure!

    Keep up the amazing works guys I’ve added you guys to my own blogroll.

Leave a Reply

Your email address will not be published.