Many times a buyer will ask me how much they need to put down to purchase a home. The answer is not nearly as easy as you might think. There are several loan programs and different requirements for each loan product. The video below will discuss, FHA, VA and conventional financing.
There are a couple programs that allow for 100% financing and they are briefly discussed, one of the areas not touched in the video is the Neighborhood Stabilization Program. Many areas in Central Oregon do qualify for this program which is not quiet 100% financing but pretty darn close.
Thanks Home Loan Ninjas for once again answer our questions about home loans, mortgages and all that comes with them.
Looking for a mortgage professional? I would encourage you to contact;
Jason or James – your Home Loan Ninjas
at 503.799.4112 or you can visit their website and see more info about mortgages and what you should expect.