Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE.” This week, we answer the question: Do I need to put 20% down to buy a home?
The quick answer: Nope! There are many options for putting less than 20% down, for example…
A Veteran might be eligible for NO money down with a VA Loan! Or, a first-time homebuyer might be eligible for as little as 3% down with a conforming conventional loan. All in all, there are plenty of options for eligible homebuyers to buy a home and put less than 20% down.
Thank you for tuning in to this Joe Knows Mortgages Minute! If you have any home loan related questions, we want to hear from you, so please comment down below! If you liked this video, please share this information with your family and friends. See you again soon!