No, You Do NOT Need 20% Down to Buy a House!

There is a huge misconception that in order to purchase a home, you must have 20% of the purchase price to put down. Luckily, this is NOT true! There are several different mortgage financing options that allow a buyer to put as little as 3% down. Some may even qualify for 100% financing through a VA loan for active military and veterans, or down payment assistance programs.

Here are some of the financing options that are briefly mentioned in the video:

  • FHA at 3.5% down
  • Conventional at 10%, 5% or even as low as 3% down
  • VA loan at 0% down for active military or veterans
  • Down payment assistance programs

If you would like to learn more, schedule a free consultation so that we can discuss your real estate needs!