Down Payment Requirements for FHA-insured Home Loans

Usually, FHA loan down payment options are very limited. Usually, the down payment requirement is 3.5% for the down payment.

In many cases, the reason why people rent is that they do not have the money to pay for the down payment. There are loan programs that make buying a home extremely affordable. With this program, they will allow you to finance the entire purchase price and it works very similarly to the FHA loan program. This is what allows you to have FHA loan down payment options.

Yes, you understood me right. You can finance the down payment. I have access to a loan program that will allow you to finance the down payment and closing costs on a second mortgage. Usually, when you buy a home, you would have a down payment and closing costs that would come out of your pocket. Here is how I can provide you with solutions to reduce your out of pocket money:

  • Down payment – This loan program for first-time buyers allows you to finance the down payment on a second mortgage. That is what makes this program so attractive.
  • Closing costs – There are several options for handling the closing costs. You can negotiate to have the seller pay your loan costs. Or, you can add it to the loan balance of the second mortgage.

Even if you are not a first-time home buyer, I can show you loan options on how to minimize your out of pocket costs and improve your cash flow situation.

When you sit down with me, I will show you loan options side-by-side so that you will be educated on your financial options. As a result, you will be empowered to make the best choice for your circumstances.

I use proprietary software programs that will show you how to save money on your mortgage and pay the least amount of interest. In fact, if you are not working with me, your home loan will likely cost you more because of an uneducated decision.

Save money now by letting me show you the best FHA loan down payment options to get into a home with as little out of pocket as possible!