Gone are the days when the home buyers needed to scrape together 20 percent of the home's purchase price for a down payment. Today, the average buyer puts less than 6 percent down at the time of closing, according to figures compiled by the National Association of Realtors . There are MANY different programs designed to put you in a home with little or no out of pocket costs. Marginal credit is accepted. There are income and loan amount limits.
Marginal credit is accepted.
Whatever your situation, if you want to buy a home, we probably have a program that will work for you. Call me to discuss your options. There are no costs or obligations, plus I'll give you a FREE credit report. Three in 10 homebuyers in 1999 moved into their new residence with a downpayment of less than 10 percent of the value of the home, say researchers at the Harvard University Joint Center for Housing Studies. Lenders report an increase in nontraditional buyers who previously weren't much in the market.