Down Payment Options

Down Payment Options
August 29, 2018 No Comments North Redondo Beach,North Redondo Beach,South Redondo Beach,Vista Sotheby's International Realty Keith Kyle

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.

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