If you started your down payment savings with your tax refund check this year, how close would you be to a 3% down payment?
Tax refunds are often thought of as ‘extra money’ that can be used toward larger goals; for anyone looking to buy a home in 2018, this can be a great jump start toward a down payment!
Many first-time buyers believe that a 20% down payment is required to qualify for a mortgage. Programs from the Federal Housing Authority, Freddie Mac, and Fannie Mae all allow for down payments as low as 3%, with Veterans Affairs Loans allowing many veterans to purchase a home with 0% down.
Author:Ruby Arias Phone: 623-398-5575 Dated: February 28th 2018 Views: 204 About Ruby: Whether buying or selling a home, you want someone on your side that knows the local market and puts...