What is the minimum down payment required?
How much money do you need for down payment? Well, it depends. There are four major loan programs available (Conventional, FHA, VA & USDA). Each of these programs has a…
Mortgages are confusing! But they don’t have to be. We’ve created a ton of free content for those looking down payment assistance.
Can I use a gift for down payment?
Yes.Ok, maybe I should give you a little more information. A simple "yes" isn't too helpful.Depending on the loan program you are using there are certain rules and requirements that…
20% Down Not Always Best
20 Percent...the magic number for mortgages, right? Well, I am here to tell you that 20% down payment is not always best. Sometimes putting down less money can be better…
CHFA RISC has been ELIMINATED
Have you heard of the CHFA RISC (Risk Information Score Card)? I will explain what it is real quick in case you haven't. CHFA wanted to avoid being adversely selected…
Acceptable Sources for Mortgage Down Payment
Every so often I go through Zillow to look for questions people have about the mortgage process. I came across one that I wanted to expand upon related to down payment. The…
Conventional 0% Down
Did you know there were Conventional Loans with 0% down?! I've got two: Metro Mortgage Assistance Plus: Conventional 3% Down (I thought you said 0% down!? I did, check out…
BIG Change to CHFA!!
I am not sure what you know about CHFA but they have made some big changes over the past couple of years and they just made another change that could help…
3% Down Conventional Loan Options
Last week we mentioned the Home Ready loan program but some of our customers don't not fit best in that particular loan option. There are some other 3% down Conventional…
Are you Ready for “Home Ready”
G'day mate! (I don't know why I went Australian on you there.) Last week's post on NHF being suspended triggered a lot of questions about available alternatives. We mentioned two in…
NHF is Gone?!
We just received a notification about the National Homebuyer Fund (NHF) down payment assistance program and wanted to keep you informed. NHF is one of the most popular down payment…