How much is the Down Payment?

By
Real Estate Agent with Ultra Real Estate Dallas Fort Worth

I recently had a conversation with my first time home buyer client.  He really wants to purchase a home but it’s his understanding that he needs 20% down.  So he’s been saving (which is a good thing) and waiting to purchase a home. 

 

 

The fact is you don’t need 20% down to purchase a home:

·       Conventional-  Minimum 3% (some lenders have specialty program) or 5% down

·       FHA- Minimum 3.5% down

·       USDA-  NO Down

·       VA-  NO Down

 

If you are considering purchasing or selling a home in Dallas Fort Worth area, I would love the opportunity to earn your business. 

“My goal is to reach yours, at the least amount of inconvenience for you!” 

           

 

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Topic:
Real Estate General Information
Location:
Texas Dallas County
Groups:
Dallas Real Estate
Hyper-Local
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Market Updates
Texas Real Estate
Tags:
loan
down payment
fha
va
usda
conventional
susie kay
home buying
home selling

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Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is very good information to share with prospective home buyers.

Aug 16, 2017 11:14 AM #1
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Rainmaker
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Susie Kay

North Dallas Specialist
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