Do I need a Down Payment to Buy a House ?

By
Real Estate Agent with Keller Williams 414-525-0563 57026-90 Broker

  Having been real estate agents a very long time andPurple envelope part of our continued marketing efforts include our monthly purple envelopes with different targeted messages to different groups in our data base...mmmm how we love the results and the people who are in the varying data bases as a sort of "Make new friends but keep the old" sort of marketing mantra.

    We now get first time buyers that may be  second or third generation from our original sphere...OR friends thereof....consistency in marketing is an invaluable tool. 

        Our first time buyers are often newlyweds...or recent graduates...they come from friends, our sphere of former Sellers and our data base of professionals with new employees....never overlook a marketing opportunity !

   Sky rocket   With sky rocketing rents....many first time buyers find it difficult to save much or any money for a down payment.   Does that mean that never if  programs that can be used to make that first time home purchase a reality.   

      As experienced real estate agents we seek out a number of lenders who can offer different programs to people with various needs.  The lenders we choose are experienced with these programs and can work with a variety of situations for potential buyers.

       - VA Loans - No down payment; credit score minimum

       - USDA - No down payment; location specific, credit score Platinum Professional Logo

       - "Platinum Professional Loan and Real Estate program" - Program of our own 

design - no down payment - bonus  benefits - PURCHASES up to $650,000 !!!!

        - State or other programs that may fit the Buyer's Profile

              Soooo,...the answer for Buyers in a variety of situations and locations to the FAQ ...Do I need a Down Payment to buy a house ? is...MAYBE NOT !

In southeastern Wisconsin call the Hansons and we will help you figure out with our lending partners which loan works best for your individual No Down Paymentsituation.  Real estate is NEVER a "one size fits all" kind of situation...it varies by Buyer, Seller, location, situation....and we are here to help ALL kinds of people in Selling and Buying Situations.

       This is a Public Service Real Estate post brought to you courtesy of Sally K. & David L. Hanson, Broker Associates with Keller Williams.  For all things real estate Call 414 525 0563, we are honored to be of service.

       

               

    

Posted by

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS


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Rainmaker
3,606,695
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Anyone thinking of buying a home in your area should call you 

Jun 17, 2017 07:16 AM #1
Rainmaker
1,975,128
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

HI Sally and David... no downpayment needed for VA loans, USDA, and others... but buyers shouldn't forget about the need for closing costs.

Jun 17, 2017 07:30 AM #2
Rainmaker
2,694,356
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Good morning, Sally and David -- it's good to know the different financing options available for buyers so they can be referred to the right lender match.  I have never been involved with a USDA loan whether representing a buyer or seller.  

Jun 17, 2017 07:39 AM #3
Rainmaker
2,470,087
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Great title ! I am sure you will get a ton of clicks/comments on this!

Jun 17, 2017 07:57 AM #4
Rainmaker
2,584,848
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

The Hanson's are the Realtors to call in southeastern Wisconsin, and can answer all of your questions and concerns!

Jun 17, 2017 08:26 AM #5
Rainmaker
3,223,431
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

It is a great idea to have some money down but may not needed

Jun 17, 2017 10:50 AM #6
Rainmaker
1,710,141
Jay Markanich
Jay Markanich Real Estate Inspections, LLC - Bristow, VA
Home Inspector - servicing all Northern Virginia

I thought the purpose of the downpayment was to put some skin in the game.  Is the taxpayer (when I say that I mean me) backing all this "free" money? 

Jun 17, 2017 12:21 PM #7
Ambassador
2,965,377
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Sally and David- you two truly are the agents I would turn to if I were buying or selling or if I knew of someone who was buying or selling in your area.

Jun 17, 2017 04:05 PM #8
Ambassador
3,206,333
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Sally and David as you well pointed out there are still loan programs that do not require a down payment if the Borrower qualifies for them.  A knowledgeable Loan Originator will point them in the right direction.

Jun 17, 2017 04:18 PM #9
Rainmaker
1,295,691
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Sally and David - you are the go to resource for those looking to buy with little or nothing down.

Jun 18, 2017 10:17 AM #10
Ambassador
3,220,125
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I am glad there are programs for those just getting started on their journeys. We have many programs that they can use too.

Jun 20, 2017 06:20 PM #11
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Rainmaker
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Sally K. & David L. Hanson

WI Realtors - Luxury - Divorce - Short Sale
For All Things Wisconsin Real Estate...Call the Hansons
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