Down Payment

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24 Jun

Home Down Payment 101

2017-12-01T08:46:28+00:00June 24th, 2015|Uncategorized|

The down payment is the money from your savings that you give to the home's seller. The rest of the payment to the seller comes from your mortgage. Down payments are expressed as percentages. Let's say you buy a house for $100,000: A 3 percent down payment means that you pay the seller $3,000 and [...]

16 Dec

Buy a Home with 3% Down!

2017-12-01T00:13:13+00:00December 16th, 2014|Homebuying Tips, Mortgage News|

Many people may not be aware that you can buy a home with as little as 3% down. It's true! And not only that, it's a conventional loan (as opposed to FHA or VA). Historically, conventional loans have required as much as 25% down. Thanks to our  Agency Portfolio Conforming Program, first time home buyers [...]

12 Jul

How Much Do You Need for a Down Payment?

2017-11-30T00:23:03+00:00July 12th, 2014|Homebuying Tips|

"I have money saved, but I'm not sure how much I'll need for the down payment. How much will it be?" This is a question that my team and I hear a lot. And the truth is, it depends on a number of factors like the purchase price of the house and the type of [...]