It’s common misconception that you need to put down 20% in order to purchase a new home. This is NOT the case! If you are buying a new primary residence, meaning you are going to LIVE in the new home full time, there are many options. Continue reading to find out more.
Conventional Mortgage
🔸Depending on the program, you are required to put down a minimum of 3% or 5%.
FHA Mortgage
🔸Minimum down payment is 3.5%
VA Loan
🔸$0 Down
USDA Loan
🔸$0 Down
Jumbo Loan
🔸10% down payment required
Down payment assistance programs
🔸No down payment required!
If you’re in the market to purchase a new home, message me to set up a call & I’ll help you get started!