Down Payment; How low can you go?
by Michael L. Baker, Sr. Loan Officer at Fountain Mortgage. I am not sure where it has gotten out that you HAVE to have 20% down payment to buy a house today, but I am going to make it my single mission in life to correct the misinformation that is […]
Purchase Your Next Home With ONLY 3% Down!
by Michael L. Baker, Sr. Mortgage Loan Officer at Affinity Mortgage. 2017 is here and with it come a host of mortgage guideline improvements! One that started at the end of 2016, but that I see as a HUGE boon in 2017 is the 3% down payment Conventional Loan Purchase […]
I don’t have 20% down payment! Can I buy a house?
Many borrowers in today’s home buying environment do not have 20% down. And this is OKAY! Needing a 20% down payment to purchase a house is a common misconception. For Veterans, Active Duty Personnel and some people buying houses in more rural areas you can get away with 0% down […]