Gone are the days when anyone could buy a home with just a promise and signature. No documentation loans allowed virtually anyone to buy a house with no money down with just a simple credit check. After the mortgage meltdown, this all changed. Lenders tightened guidelines and down payments were back.
But how much do you actually need? Must you always find 20% down? The answer might surprise you; there are many ways to buy a home with less than 20% down payment.
Buying a home doesn’t always mean 20% loan. If you’re considering buying a new home, talk to your lender about your options.
If you have any questions please give me a call! Remember..
...For anything Real Estate, Call Kate!
Licensed Sales Agent