The Forkenbrock Group | Dawn Forkenbrock | AZ

You do NOT need to put down 20% to buy a house!

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!

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