Many buyers think they need a 20 percent down payment to buy a home. Not true. 77% of first time homebuyers in 2018 used a mortgage with less than a 20 percent down payment.
Some of the most popular mortgages require between 3.5-5.0% down payment. Some of those are FHA, Freddie Mac and Fannie Mae loans.
There are many options that do not require a 20 percent down payment. A great lender can talk to you about your different options. I have several great lender referrals if you need one.
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Whenever you are ready, here’s some ways that I can help with your real estate goals:
1) Free Access to search the Denver MLS for all homes currently on the market: Denver Home Finder Service Property Search
2) Join me for a home tour – Home tours are Monday thru Saturday at 2:00 pm or 6:00 pm – choose your tour here
3) Request a specific search that sends all the homes that meet your parameters as soon as they come on the market – that way you can beat others to the best homes. Send me an email with “specific search” in the subject line and your wish list – Price range, school district, style, minimum number of bedrooms, etc. – [email protected]
4) Receive a Home Loan Report –There are so many different loan programs. Do you need 20% down payment to purchase a home? Are there special programs for first time home buyers? What does CHFA mean? What’s the difference between a FHA loan and a Conventional loan? Send me an email – – [email protected] with “Home Loan Report” in subject field and I’ll send it right over.
Also….check these out??