Many of the money conscious clients I've come in contact with recently have relayed their intent to put 20% down to avoid paying PMI (private mortgage insurance). A great
Down Payments Are A Thing Of The Past
With so many home buying programs and mortgage loan types, saving for a down payment has become a thing of the past. Here are just a few South Carolina programs and mortgage loans to consider:
State Housing (www.schousing.com) - Offering low interest FHA loans with down payment assistance of up to $6000.
1% Down Conventional Loans (www.teamnaf.com) - Offering 1% down payment with low interest & mortgage insurance rates.
0% Down FHA Loans (www.teamnaf.com) - Offering forgivable 3.5% loans combined with standard 96.5% FHA loans.
0% Down VA Loans (www.teamnaf.com) - Offering 100% financing for eligible buyers.
Call Today 803.607.2400 for more information.