How can you purchase a home without a large down payment? There are actually a few different options out there.
Many people believe that you can only buy a home if you have a large down payment.
However, this simply isn’t the case. In fact, there are a couple of ways you can purchase a home with little to no down payment. You don’t always need a large down payment to buy a home.
One of the most common ways to do this is actually a program that is reserved for our veterans, who can obtain a certificate of eligibility in order to get a VA loan.
A VA loan allows veterans to purchase a home for no money down.
For those who are not veterans, there are other common loan programs.
One of these is the USDA loan. USDA loans allow people to buy homes within rural areas for zero money down, assuming they qualify.
Down payment assistance can also be largely beneficial. If you qualify, these programs can sometimes cover up to $10,000 or $15,000 of your down payment.
If you’d like us to help you figure out what you may qualify for, have any other questions, or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.