Down Payment Options
One of the more common misconceptions is that you need a 20% down payment to purchase a home. That’s not necessarily the case as many lenders can provide loans with less than 20% down, especially on a single family home. Options can range from VA and FHA loas to a number of other creative ways of financing a home.
Lender programs: Many lenders offer smaller down payments with first and second mortagages, smaller down payments or government backed programs such as VA loans and FHA loans.