Many times we are asked by our customers if they need a 20% down payment to buy a home. The answer is not necessarily. There are a few different options when you are looking to put down less than 20% but most all of these options require what is called Mortgage Insurance which is added to your monthly payment. Here’s an option that will allow for only a 3% down payment with no mortgage insurance. Take a look:
Contact us today to find out which type of home loan may work best for your situation.
