Mortgage Lender, NMLS 843169
Call (281) 685-8215
HomeWay Mortgage NMLS 214884
200 W 4th St Suite C – Hallettsville, TX 77964
Did you know that different loan types have different down payment requirements?
Although putting down the minimum may sound appealing, you will often find that you can get improved rates, lower cost mortgage insurance and qualify for a more expensive home by putting down more than the minimum.
The following are the minimum down payment requirements by loan type:
Conventional:
FHA: 3.5%
VA: 0%
USDA: 0%
Portfolio: 20% down
Need additional information or have questions? Call Me! I’d be glad to help and guide you through each one of these financing options.
My goal is to provide timely, educational information related to the Real Estate and Mortgage industries, along with some fun stuff just to make you smile. I want and value your input! Please email any questions or comments you have. – Kathie