Tag Archive for: down payment options

First-Time Buyer Scenarios: Low Down Payment Options

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There’s no single “best” low down payment loan, only the best option for your specific situation. In this guide, we walk through real first-time buyer scenarios to show how income, credit score, savings, location, and profession change which program makes the most sense. From 1% down loans and FHA to VA, HomeReady, CalHFA, and No PMI options, these examples illustrate how different buyers can minimize cash out of pocket and long-term costs.Read More

We’re Seeing Lots of Low Appraisals; Here Are Your Options

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Appraisals are coming in low more often, but here are six ways to keep deals alive, including smart uses of PMI.Read More

Down Payments for Conventional Loans: Your Complete Guide

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Are you considering a conventional loan for your home purchase but feeling unsure about the down payment requirements? Don't worry, you're not alone! This is one of the most common questions our mortgage experts at JVM Lending encounter. Let's dive into the essentials of down payments for conventional loans, making the process clear and manageable.Read More

3 Reasons To Make A Smaller Down Payment

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We recently had a borrower with ample income and about $70,000 of liquid assets try to squeeze into a $600,000 home with 10% down. She wanted to put as much […]Read More

Homebuyers Use Less Than 20% For Down Payment On Home

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According to recent data, more than half of all homebuyers in California, Texas, and nationwide make their down payment with less than 20% when purchasing a home. This is additional evidence to discard the myth that homebuyers must put down 20% to be eligible for a mortgage loan.Read More