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:Lynda Western Phone: 602-919-0857 Dated: February 28th 2018 Views: 177 About Lynda: A family oriented person, Lynda has a passion for helping people in unfortunate situations. An Ariz...