Think you need 20% down to buy a house? Think again!
Many homebuyers are surprised to learn that some conventional mortgage programs allow down payments as low as 3%.
FHA loans can require as little as 3.5% down, and eligible veterans may qualify for VA financing with ZERO down payment!
That doesn't mean everyone qualifies, and you'll still need to consider closing costs, monthly payments, and cash reserves.
But don't assume you can't buy a home just because you haven't saved 20%.
I've been helping California homebuyers navigate mortgage financing for more than 35 years.
Thinking about buying a home in California? DM me. Let's find out what you might qualify for.
Have questions about buying, refinancing, or tracking your mortgage rate in California?
Call or text 925-885-1919, request a video or phone appointment, enroll in free RateAnalyzer rate monitoring, or start our Quick Application.
Russell McDonald | NMLS 290837 | Broker CA DRE 01150730
Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628
Real Estate Broker – CA Dept of Real Estate