Tag Archive for: down payment

How Much Down Payment Do You Need For A $500k House?

Figuring out how much of a down payment you need to buy a $500k house can be overwhelming. This guide will break down your down payment, income needs, and everything in between so you can start your homebuying journey with confidence.Read More

Buying a Home with a VA Loan: Down Payment Requirements

Are you a military service member or veteran dreaming of owning your own home? The good news is that the Department of Veterans Affairs (VA) offers a unique home loan program designed specifically for you. VA home loans provide flexible and affordable options, including purchasing a home with a low or no down payment. In this blog post, we'll explore the benefits of a VA loan, discuss down payment requirements, and explain why a VA loan remains the best option for military and veterans, even for those who have already saved up for a down payment.Read More

Requirements for FHA Loan Down Payments

The down payment shouldn't stop your homeownership dream! FHA loans offer a powerful solution with down payment options as low as 3.5%. If you're tired of renting or worry your credit score is holding you back, an FHA loan might be the key you need. Learn the ins and outs, from understanding costs to navigating the application process.Read More

Typical Closing Costs in Texas for Buyers and Sellers

Buying or selling a home in Texas can be a daunting task, especially when it comes to the financial aspect of the process. One financial component that homebuyers and sellers often overlook are the closing costs. The closing costs in Texas can be quite significant and play a major role in the final sales price of the property. In this article, we'll look at what these costs entail, who pays them, and how much average closing costs are.Read More

What Salary Do You Need To Afford A $250,000 Home?

When it comes to buying a home, one of the first questions that arise is, "How much can I afford?" And if you've set your eyes on a $250,000 home, understanding your financial capability is crucial. Buying a home is a significant financial commitment and various factors can influence your affordability.Read More

VA Home Loan 101: Buying a House in Clarksville

When it comes to home buying, especially in a charming city like Clarksville, Tennessee, many veterans or service members may not be aware of the full extent of the benefits they have earned through their service. The VA Home Loan program is a prime example, which can enable veterans to buy a house with zero down payment and even accommodate those with less than perfect credit scores. Read More

Learn How to Lower Your Monthly Mortgage Payment

Are you feeling weighed down by high interest rates and hefty monthly mortgage payments? Don't fret. JVM Lending is here to guide you through your journey toward the best way to lower your monthly mortgage payments. We understand how challenging it can be to balance your budget, especially when a considerable chunk of your income goes to your mortgage every month. We’ve compiled the best strategies to help you lower those monthly payments and put more cash back in your pocket.Read More

Down Payments for Conventional Loans: Your Complete Guide

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

How Much House Can I Afford? A Guide to Home Buying

Wondering how much house you can afford? Dive into our comprehensive guide covering everything from mortgage basics and down payments to credit scores and debt-to-income ratios. Gain the knowledge you need for a confident and informed home purchase journey.Read More

How to Use Your 401k to Buy a House

Your 401k isn't just a retirement savings vehicle; it can also be a source of funds when making significant life decisions, like purchasing a home. However, it's essential to understand the methods available to tap into these savings and their respective implications.Read More

How to Buy a House with Only 1% Down

The dream of homeownership is one that many people aspire to achieve. However, the prospect of saving for a hefty down payment can be daunting, exacerbated by the misconception that […]Read More

Everything Homebuyers Need To Know About FHA Loans

Are you looking to buy your dream home but worried about the hefty down payment? FHA loans might be the perfect solution for you! Whether you're a first-time homebuyer or someone who wants to upgrade to a new property, FHA loans offer a variety of benefits that can make the homebuying process easier and more affordable. In this comprehensive guide, we'll explore what FHA loans are, how they work, and how you can get one.Read More

Unlock Your Dream Home with a 1% Down Payment Option

Saving up for a down payment can feel like an insurmountable hurdle, but what if there was an option that allowed you to put down just 1% of the loan amount? Thanks to a new loan program, this dream can become a reality. In this blog post, we'll explore the new 1% down payment option now available for homebuyers and provide answers to frequently asked questions, so you can make an informed decision about your homeownership journey.Read More

GSFA Platinum Program: Down Payment Assistance Made Easy

The GSFA Platinum Program is a down payment assistance program designed to help homebuyers overcome the financial barrier of a down payment. It is offered by the Golden State Finance Authority (GSFA), a nonprofit organization dedicated to providing affordable housing opportunities for residents of California. The program provides eligible homebuyers with a gift of up to 5% of the loan amount to be used for their down payment and closing costs.Read More