What are my options if I have no down payment, or only a small down payment?

FHA loans allow a minimum of 3.5% down and this down payment can be in the form of documented gift funds from a family member.  Conventional loans may allow a minimum of 3% down, which can also be from documented gift funds from a family member.  Using VA financing a qualified active service or veteran may receive 100% financing.  The USDA Rural Housing program also allows 100% financing, though there are both geographic and income restrictions with this program.  The amount financed may be reduced on all of these programs depending on the borrower(s) qualifying credit score. read more

Are you thinking about getting a construction or renovation loan but aren’t sure which one is best for you? In this video, I’m going to walk you through the different loan programs available for both construction and renovation loans. We’ll look at the qualifications and details of each type so you can choose the right option for your situation.

Your Financing Strategy

It’s important to choose the right loan because your financing strategy makes all the difference in the world. There are a few questions you’re going to need to answer before we can go to the next step.  read more

Are you thinking about getting a construction or renovation loan but aren’t sure which one is best for you? In this video, I’m going to walk you through the different loan programs available for both construction and renovation loans. We’ll look at the qualifications and details of each type so you can choose the right option for your situation.

Your Financing Strategy

It’s important to choose the right loan because your financing strategy makes all the difference in the world. There are a few questions you’re going to need to answer before we can go to the next step. read more