Three Loans That Require Less of a Down Payment

If your strategy calls for a smaller down payment, there are a few specific types of mortgages you should explore.

Are you a Veteran?

Since they're guaranteed by the Veterans Administration, a VA loans allow you to buy a home without any down payment at all, and there's no PMI requirement.

Is this your first home?

These loans allow you to put as little as 3% down on the purchase of a home — and unlike some loans, that 3% can be gifted to you by a family member.To qualify, you'll need to be a first-time homebuyer.

FHA Loans allow as little as 3.5% down

Insured by the Federal Housing Administration (FHA), these loans let you put as little as 3.5% down on your home purchase.


FHA LOANS

You Can Own With Less Than 5% Down

Talk with an expert today to learn more about downpayment assistance.

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