How Much Down Payment Do I Need?
3 years ago
16
You don’t need 20% down in order to buy a home. This is a lie. It’s an old fable.
The 3.5% down is the gold standard for the minimum down payment.
There are programs out there where you may be able to qualify for a loan with a 3% down payment.
If you are Veteran there are programs that allow you to qualify a loan with 0% down.
The lower down payment can effect a person’s Private Mortgage Insurance premium.
Home buyers are able to get gifts or pull from their 401k for their down payments as well.
https://www.boston2.com/blog/how-much-down-payment-do-i-need/
Jeffrey Chubb | Chubb Homes Team | 617-480-2600 | Jeff@Boston2.com | www.Boston2.com | Brokered by eXp Realty
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