A down payment represents your out-of-pocket cash needed to qualify for a mortgage. It represents a fraction of the total cost of a home. So if you’re holding back on breaking into the housing market because you believed you required $10,000, $20,000 even $50,000 for a down payment, then look at this:
The Federal Housing Authority offers 3.5% down payment loans on homes. Plus qualified buyers can get 3% of this through down payment assistance programs.
HUD has continued its $100 Down payment initiative into 2011
The Veterans Administration offers 100% financing to service members
Many banks offer 100% financing to niche markets or professions
Regardless of your specific situation:
- First-time Home Buyer
- Owned a Home Before
- Renting
If you would like to get into or re-enter the housing market without having to make a large cash down payment, then CALL US now at 720-675-7523!
