How much do I need for down payment?

Every real estate transaction is unique to the parties involved but often the times the down payment required is much less than consumers think it will be.

Contrary to popular belief 20% down is not required to purchase a home.

USDA Rural Development Loan requires 0%.

VA Loan requires 0%.

First Time Home Buyer Conventional Loan as little as 3% down.

FHA Single Family home up to FourPlex requires 3.5% down.

Moving up from first home to next home using a Conventional loan requires 5%.

Purchasing a second home/vacation home can be purchased with 10% down.

Every transaction requires attention to detail and a complete understanding of your finances to determine what product makes the most sense for you. Reach out today to find out how we can help you achieve your real estate goals. 907-222-5560