THE myth OF THE 20% DOWNPAYMENT
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Let's dispel the myth that so many homebuyer's have about downpayment and purchasing a home!
I hear this from home buyers often. Unfortunately, it leads many potential buyers to give up before they even get started, all because they think they don’t have enough for a down payment. Most often it’s because they’ve bought into the myth that you can’t buy a home with less than a 20% down payment. Many people think you must use an FHA loan for a low down payment too. NOT true! In fact, with a conventional loan, you can go as low as 3%! That’s lower than FHA’s 3.5% minimum. Plus, VA loans and USDA loans are as low as ZERO percent! Woohoo! Check out these myth-busters in this infographic (click the link to make it larger; may need to click it twice), and CALL, EMAIL, or TEXT me about purchasing a home now. VIVIAN RESNICK 1% Realtor 813.410.2890 call or text |
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