downpayment: How Much Do You Know About Down Payments? - 08/06/19 02:59 PM
Whether you’ve owned a home before, or you’re ready to jump into homeownership for the first time, there are always a lot of questions swirling around about what is truly required for a down payment, and how to best source down payment assistance. Let’s tackle these two today.
 1. How much do you really need for a down payment?There is a long-standing misconception about down payment requirements. A survey from Fannie Mae shows only 17% of consumers know the minimum options are actually between 1 - 5% of the purchase price and 40% don’t know how much they need at all.
There are many mortgage loans available … (1 comments)

downpayment: The Benefits of a 20% Down Payment - 05/10/19 12:37 PM
If you are in the market to buy a home this year, you may be confused about how much money you need to come up with for your down payment. Many people you talk to will tell you that you need to save 20% or you won’t be able to secure a mortgage.
 
The truth is that there are many programs available that let you put down as little as 3%. Those who have served our country could qualify for a Veterans Affairs Home Loan (VA) without needing a down payment.
 
These programs have cut the savings time that many families would need to compile a large down … (0 comments)