What if I told you, you can buy a house with only 5% down? 3% down? Or even 0% down?* Though most people have accepted the fact that they can buy a home with less than 20% down, not
How much money do you need to buy a home?
Dated: November 4 2022
Views: 31
What if I told you, you can buy a house with only 5% down? 3% down? Or even 0% down?*
Though most people have accepted the fact that they can buy a home with less than 20% down, not everybody knows that they can buy a home with a 0% down payment. Most states have down payment assistance programs available, which will cover either all, or a portion of your down payment.
So, if you don’t need to put money down to purchase a home, why would you? Homebuyers always ask, "Why would anybody contribute a down payment if they don’t have to?" The answer is, the interest rate that you get for your loan is higher if you use down payment assistance, rather than bringing your own down payment. For some people, it makes sense to take the higher rate in order to receive the down payment assistance, others, maybe not. That’s why it’s important to reach out to a mortgage broker (like us) who can present options, and help you evaluate those options.
The good news is, that there are loan programs for YOU, no matter what your financial circumstances are. Our goal is to help you figure out how you can achieve homeownership - contact us to get started on the right path. If you'd like to take the first step, schedule a call with us via our calendly link here
Josh Spector
Josh was born and raised in Denver, Colorado, and is passionate about our beautiful state. He graduated from the University of Colorado at Boulder in May of 2019, with a degree in Strategic Communicat....
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YOU can addord a home! There are loan programs designed for YOUR financial situation. If you have always viewed the down payment as a hurdle to home ownership, we can help you get over that hurdle.
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