Many loan options when you are buying a house

Real Estate Agent with REMAX Realty Group Lic. # SL3154233

Do you have plans to buy a new home this year? If so, you're probably thinking and saving for a down payment, but how much do you need? There are many loan options, and you may not need 20%.

Conventional Loans

Have you heard of Fannie Mae or Freddie Mac? These are the companies that provide conventional home loans. If your credit score is in good shape, you'll only need to put 3% down on your new home.

FHA Loans

Are you a first-time homebuyer? Then, an FHA loan might be a good option for you. Generally, you could put as little as 3.5% down.

VA Loans

If you're a veteran or currently active military, your service is appreciated. Getting a VA loan doesn't require a down payment.

USDA Loans

USDA Loans are backed by The US Department of Agriculture's Rural Development Program. These loans are for rural and suburban homebuyers. Check with your lender for income and loan requirements if you feel this is the right loan for you.


I work with incredible lenders that can help. If you're ready PM for a free consultation. You can contact me directly at 239-284-8637 or by email:


To see this information in Spanish, watch the video below:


Posted by


Abby Stiller 

Realtor® Lic. #3154233    

14 Years of Experience

RE/MAX Realty Group    Cape Coral Fort Myers Naples  Realtor Cape Coral      


I help Home buyers find their dream home & Homeowners sell for more. Thinking of buying or selling? Call/Text me: 239-284-8637   Your Honest & Dedicated Realtor!

or visit:


Home Buyers Specialist     Veteran specialist  Foreclosure short sale specialist


Comments (4)

Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I used to love telling people about USDA loans but very few buyers took advantage of them Abby Stiller . I think the biggest hurdle here is/was the amount of time it took to get the loan approved. Everybody wants everything "Right Now!".

Jan 24, 2022 10:03 AM
Abby Stiller

Hi Bob "RealMan" Timm I know! I recently had a listing agent that wanted my buyer's lender to close in 2 weeks. Imagine!

Jan 25, 2022 09:40 AM
Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA

Thank you for the very good summary of various loan types and their required down payment amounts.

Jan 24, 2022 10:18 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Great post Abby in my market the agents and the sellers are not fans of VA or FHA... I have a blog post in draft mode about that subject:)Endre

Jan 24, 2022 09:44 PM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

It is very important for buyers to work with a solid lender since there are many options available and programs to fit their specific needs.

Jan 25, 2022 04:48 AM