Tag Archive for: down payment

Everything Homebuyers Need To Know About FHA Loans

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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

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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

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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

How Much Should Your House Down Payment Be?

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First-time homebuyer and not sure how much to put down for your house? Dive into our detailed guide on house down payments. Learn about factors that influence the amount, understand different financing scenarios, and make an informed decision that suits your financial goals.Read More

Buying a House with No Down Payment: Your Guide to Mortgage Financing

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Discover how to buy a house with no down payment using mortgage financing options that aren't just for first time homebuyers.Read More

Unlock Your Path to Homeownership with Down Payment Assistance Programs

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Discover the ins and outs of down payment assistance programs and how they can help you achieve your dream of homeownership.Read More

3% Down With No PMI Requirements

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Private Mortgage Insurance, often abbreviated as PMI, is a type of insurance that lenders require from homebuyers who make a down payment that's less than 20% of the home's purchase price. But what is PMI on a mortgage?Read More

Avoid PMI with JVM’s “Zero MI” Programs

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Avoid PMI with JVM’s "Zero MI" Program - an appealing loan alternative that can help you avoid PMI when putting less than 20% down.Read More

Declining Markets Force Banks To Increase Down Payment Requirements; What To Do?

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In January, I blogged about appraisers checking “The Dreaded Declining Markets” box on appraisals. I highly recommend re-reading that blog, as the issue is much more prominent now – particularly […]Read More

No Down Payment, No Problem (Down Payment Assistance Programs)

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When Boomers Are Wrong… For years, I downplayed the efficacy of down payment assistance programs, saying they were too slow to close, too expensive, and/or too off-putting for sellers (so […]Read More

How To Buy An Investment Property With A Low Down Payment

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Many individuals are considering purchasing a second home in addition to their primary residence. The increase in remote work makes buying a second home or an investment property possible for many homebuyers.Read More

What Are The Average Closing Costs in California?

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Closing costs are the various fees and charges buyers face when buying a home that are required in order to close on a loan. But what are the average closing costs in California? Closing costs typically run between 2% and 5% of the home’s purchase price for homebuyers in California. However, many closing costs vary with the price of the home or the loan amount.Read More

What Is The Optimal Down Payment? Hint: It’s Less Than You Think

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All too many homebuyers mistakenly believe that they need to put down as much as humanly possible for several reasons: (1) they want to minimize their housing payment; (2) they […]Read More

In Defense of FHA! Misconceptions Persist!

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FHA financing is ideal for first-time homebuyers or borrowers with low credit and limited savings. FHA loans have lower rates than conforming (Fannie/Freddie) loans. This is especially the case for borrowers with low credit scores (under 680).Read More