Do I need a 20% down payment to purchase a home? | Buying a home in Spring Texas

Do I need a 20% down payment to purchase a home? | Buying a home in Spring Texas. In this video Stacey Gross of Gibraltar Mortgage Service destroys the myth that a a minimum 20% down payment is needed to purchase a home. There are many loan products availabel that DO NOT require a 20% down payment.You can buy a home with as little as 0% down. The minimum down payment on a VA loan is 0%. The minimum down payment on a FHA loan is 3.5%. The typical down payment on a conventional loan is 5% but you may qualify for a conventional loan with a 3% down payment.
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Jill Wente, Realtor®
Better Homes & Gardens Gary Greene Realtors
Spring Texas
☎️: 281-804-8626
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💻: www.discoverspringtexas.com
Jill Wente is a Realtor® in Spring, TX with Better Homes & Gardens Gary Greene Realtors. She has had the opportunity to help over 450 families to either purchase a home or sell a home in the Spring Texas area. Jill and her husband and working partner, Rick Ratchford have lived in the Spring TX area for over 20 years.
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