What are my down payment options?Hey everyone it's Darren Copeland your Mortgage Expert. Over the years we've had several people ask about ideas on how to come up with their down payment.
For those of you that qualify for a VA loan which is prior Military OR USDA which means it's located in a rural area.....both of these loans are 100% financing which is great.
If not, then you're looking at FHA or Conventional so that's means a small down payment of 3% to 3.5%.
This can come from a few areas:
1. Your savings
2. You can get a loan from your 401k
3. A gift from a family member
4. Tax refund
If you have any questions or want to bounce an idea off us please don't hesitate to call or email. Thanks and we look forward to working with you.
Mortgage consultant Darren Copeland and his experienced home loan team are committed to educating home buyers about home loans, purchasing a new home, refinancing and credit repair. LeaderOne Financial has helped home owners choose the best home loan program, from FHA, VA, USDA, and Conventional loans along with Reverse Mortgages and Refinancing Darren will make sure you receive the most affordable home loan rate in Lees Summit and has been doing it for over 8 years.