Your normal lender is not planning to let you know about home loan options they won’t promote
We don’t realize they, but down-payment standards can vary out of bank to financial. One to bank looks at your profile additionally the home you desire to purchase and need 10 percent down, if you find yourself several other get get you of the in just 5 %.
One example on the ‘s the this new financing software licensed by the Federal national mortgage association and you will Freddie Mac that need merely step 3 percent off into 30-season money to have individuals with a good credit score.