Buying your first home is an exciting time!
But, sometimes a first time home buyer might think that they have to wait until they’ve saved at least 20% for a down payment.
You can buy a home for as little as 3% down.
Several great loan programs are available to help you get started on the path to home ownership including:
1. Conforming conventional loan with 3% down
2. FHA loan with 3.5% down (up to $726,525 depending upon what county you buy in)
3. Conforming high balance loan (loans from $484,351 up to $726,525 depending on the County) with 5% down.
Helping a client buy their first home is a thrill I never get tired of. It is so much fun to get a client approved for a home loan, especially when they’ve been told no by someone else!
The truth is your loan officer makes a big difference in your desired outcome, and experience is important. Read the following Success Stories to learn how my experience and listening skills helped two different home buyers:
Linda Piper – Mortgage Specialist BRE 01110003 | NMLS 424824 Planatek Financial, Inc. – Mortgage Broker BRE 01329960 | NMLS 328893