Buy A Home With Low Or No Down Payment
Find Out About 3 Government Backed Home Loans The Let You Buy With Low Or No Down Payment
I Can Guide You Through The Process Of Getting A Low Or No Down Payment Home Loan
You want to buy a home in Woodbridge Virginia, and you want to buy with the lowest down payment possible.
Don't dump all of your cash savings into a 20% down payment when you can keep your cash for an emergency, and buy a house with a low down payment, and low interest rates.
Here are four home mortgages that you can use to buy a home with low or no down payment. They are VA, FHA, conventional 5% down, and USDA home loans.
Let's get started.
If you have served, or are seving in the armed forces for at least six months, you are elegible for a Veterans Administration (VA) backed home loan. You can buy a home with zero down payment, and finance the entire cost of the house, plus your VA funding fee. The VA funding fee is 2.15% of the purchase price. You can use your VA loan over and over again. You and your REALTOR could negotiate a closing costs credit from the seller that will pay ALL of your closing costs.
You can buy a home with a 3.5% down payment with an FHA insured mortgage. The seller can pay ALL of your closing costs, so you can get a house with just your 3.5% down payment.
A few home loan originators can give you a 5% down home loan, and the seller may pay up to 3% of the sale price toward your closing costs and loan fees.
If you live in a rural area you could qualify for a USDA zero down payment home loan. The seller can pay all of your closing costs, so you could get into your new home with zero money out of pocket.
You can text or call Erick Blackwelder about your home loan options at 703-677-1120.
You can search for homes when you CLICK HERE NOW.
You can count on Erick to help you find out which loan could work for you, with no hassle and no pressure.