If you are like nearly half of Americans that were surveyed recently about down payment requirements, you might be under the impression that the traditional 20% down payment is the cost of entry to buying a home. If you have 20%, that’s great BUT you don’t NEED that much. In fact, for many years you have been able to put 5% down on a conventional loan and 3.5% on a FHA Loan.
Want even MORE good news???
Only a day or so ago, it was announced that conventional loans are now dropping from 5% to 3%!
This is a fantastic opportunity for a lot of people and one that you might want to think about. Home prices are forecasted to keep climbing in the years ahead of us — especially as our economy continues to warm.
What’s more, a hotter economy will mean higher interest rates as well. Do the math and you have a bit of a perfect storm.
Just think, if a lower down payment allows you to buy a home now and today’s low rates help you to buy “more home” than you might in the future, you could be making a decision that could have a tremendously positive impact on you and your families wealth!
You’re going to need some help working the numbers out and that’s what we’re here for!
Call us at 888-333-0075 and we’ll be happy to answer all of your questions!
