Down Payment Archives

First-Time Homebuyers With Low Credit: What are Your Options?

March 11, 2019 By JMcHood

Do you assume that you need great credit to buy a home? While it certainly makes things easier when you want to buy a home, it’s not necessary, even for first-time homebuyers. If you have less than perfect credit, you may have more options than you thought possible for your first mortgage. Looking for Current […]

Down Payment Assistance Programs for Veterans

October 31, 2018 By JMcHood

Veterans that use the VA loan benefit they are entitled to don’t need a down payment. The VA loan program provides 100% financing up to the county limit for the veteran’s area. But having a down payment certainly isn’t a bad thing. If nothing else, it helps boost the veteran’s equity right from the start. […]

No credit check required by the VA
No employment verification required by the VA
No home appraisal required by the VA
Switch your ARM to a fixed-rate VA loan
Lower your interest rate, save money

If you are a veteran with an existing VA loan or mortgage, you may qualify to save with a VA Interest Rate Reduction Refinance Loan, or VA IRRRL.

Also known as a VA Streamline Refinance, the IRRRL allows you to refinance your existing mortgage without having to re-qualify for your loan. The application, credit check, and appraisal portions of the loan are simplified to allow homeowners to lower their interest rate and start saving as quickly as possible.

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First-Time Homebuyers With Low Credit: What are Your Options?

Down Payment Assistance Programs for Veterans

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