 |
How Much Down?When the credit market tightened up recently, there was a lot of false information out there about the amount of money that you need to put down on a home. It really depends on how well you have taken care of your credit and the area that you want to buy your home. If you qualify for a FHA loan, you only need a 3.5% down payment and that could even be gifted to you by a relative.The worse your credit is, the more you may have to put down to make a lender feel comfortable lending to you. If you are buying a home in an area where the values are declining rapidly, you may also have to put more money down. Talk to your lender, you might be surprised at how little you have to put down in order to buy. |
|
BuyersSellersChoosing A LenderNew ConstructionContact