How To Buy A House with No Money Down
Posted by Florida Realty Marketplace on
Low Down Payment Home Loans For First-Time And Repeat Buyers
The biggest barrier to homeownership today is the mortgage down payment. But it doesn't have to be.
According to the National Association of Realtors, 87% of first-time buyers think they need 10% or more down to buy any of the homes for sale in Davenport, FL.
That’s simply false.
In fact, the average down payment for first time buyers today is just 6%. And, a number of programs require no down payment at all.
If you’re “stuck” trying to raise enough down payment money, you must read this entire article.
What Is A Down Payment?
A down payment is a portion of the purchase price that a buyer pays from his or her own funds. A 10% down home purchase is structured as follows.
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