What kind of Loan Will Require The Lowest Down Payment?

Tim, Depending on where you are looking to purchase your property, there are loan programs with 0.00% down. USDA and VA loans are most common 0 down loan programs available and also CalHFA and CHDAP provide down payment assistants. if you need more information please feel free to contact me via email or phone. Houtan.Hormozian@Crestico.com / 949 242 5215

If you do not qualify for a VA or USDA loan, then FHA would be your best option and requires a 3.5% downpayment. adennie@fmbranch.com if you have additional questions. Thanks.

Hi Tim, If you are not eligible for a VA loan then FHA is the next best way to go for you. 3.5% is the required down payment, however; please keep in mind that you can have the down payment gifted to you by a family member. Many of my clients have been able to purchase with the assistance of a Family Member. And the seller can contribute to your closing costs. Let me know if there is anything else I can help you with. melanie.dages@yahoo.com

In Kentucky I offer the state housing agency backed (KHC) Zero Down payment program for first-time home buyers. Yiou cannot have owned a home the last 3 years and you must not make more than a certain income to qualify for this program...Credit scores are minimum 620 and debt ratios cannot be more than 45%Checkout my blog for more details at www.kentuckyloan.blogspot.com or call me directly at 502-905-3708 for a free credit report and application

If you are a City, County or State employee CalHFA has 100% Financing. Also, if you are a Veteran, VA has 100% financing. Next would be FHA with 3.5% down. Conforming Fannie/Freddie loans require 5% down. If yo have 5%the overall cost for the loan is much cheaper.