Low Down Payment Home Loans
Some people are hindered by saving a large enough down payment for their home purchase. However, there are many great options available when cash on hand isn’t your strong suit.
Today, there are several home loans available w/ low down payment options. Here’s just a few Low Down Payment Home Loans for you to investigate.
First is the Federal Housing Administration (FHA). They insure loans through lower down payments coupled with private mortgage insurance. This allows them to relax their down payment requirements.
Some other popular options include:
The Department of Veterans Affairs (VA) is available to those who have served in our armed services.
The Department of Agriculture (USDA) offers a low down payment option but are limited to rural areas. Borrowers must check their website with the address of the property in question to verify it’s eligible.
These are the most popular options, but check with your local mortgage broker for special programs like the PHFA (a Pennsylvania new home buyer program) and others.
Have questions about low down payment home loans, contact Home Marketsite and speak to one of our licensed real estate agents today about programs that may help you get into your new home.