One of the most common misconceptions from people who want to buy a home is the amount of money they need for down payment and closing. You do NOT need 20% down in order to buy a home. In fact in many cases, you might need ANY money down to buy a home. Veterans enjoy 100% financing as a benefit of their service to our Country. USDA offers 100% financing options. FHA offers low down options with as little as 3.5% down and that can be a gift from a relative. And for those buyers who have income at or below the median limits for their county, down payment assistance may be available to provide you the funds you need.
The moral of the story is Don’t assume, just ask! Our specialty is helping renters and former owner and first time buyers get into a home. Let us show you how today!