Most renters believe you must have 20% down to buy a house.

Many of us are frustrated because we are tired of throwing away our rent and moving further and further away from getting into our first house.

Not many renters have 20% down to buy house.

The good news is the average down payment on a new home is around 6% down.

There are many home loans available to you and a few are 0% down.





CONVENTIONAL LOAN: The traditional loan. Low rates, low down payments

FHA: A great governmental-backed loan for first-time home buyers or those with higher debt to income ratios.

ARM: Adjustable Rate Mortgage

JUMBO: For larger loan amounts up to $2.5 million.

INVESTMENT: For those looking to finance property they don’t plan to occupy and will rent out to others.

DOWN PAYMENT ASSISTANCE: For individuals needing help with a down payment. Many options available.

FHA 203K: Permits homebuyers to finance additional funds into their mortgage to improve to upgrade their home before move-in.

USDA: 100% financing, no down payment for homes located in an approved rural area as defined by the USDA

VA: A product tailored to individuals who are serving/have served in the military

REFINANCE: For individuals who currently own a property and are looking to either improve their financial situation or take cash from their property’s equity.

CONVENTIONAL RENOVATION: For individuals who need to finance in the cost of renovations into their mortgage.