how much down payment do I need to buy a home

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You Don’t Need 20% Down To Buy A Home

buy a home with less than 20% down

Did you know there are plenty of programs available to buy a home without 20% down payment. Actually there are many people who are getting into a home with only 3% down or less.

 

Many renters may be able to break the rent trap and buy a home for less than they are paying in rent. I mean, either way, your paying a mortgage. When you buy a home you get all the tax advantages and your payment stays the same, and you are building equity.

Some people also think they need an excellent credit rating to buy a home. With a FICO score of 640 or above you may even qualify for free down payment assistance.

Fico score

 

 

 

 

 

 

 

 

Bottom Line, if you are thinking about buying a home and need some help navigating the whole process, just give me a call or text me at 775-857-7519

View Homes For Sale In Reno and Sparks

Thanks,

Becky Johnson