HOW MUCH DO I NEED FOR MY DOWN PAYMENT?

downpayment

To purchase a home, you will need to have a minimum of 5% down. Initially this option was only available to first-time home buyers, but has since been broadened to allow anyone the option of purchasing with a 5% down payment. You will actually be required to demonstrate that you have 6.5% on hand, to allow for closing costs.

Effective February 15, 2016 the minimum down payment requirement Continue reading “HOW MUCH DO I NEED FOR MY DOWN PAYMENT?”

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