Purchasing a home with a low down payment is important for a number of reasons, including have enough money left over to help cover their moving expenses, decorating expenses and other important items to help turn their new house into a home.

Federal Housing Authority (FHA) allows the buyer to purchase a home using just 3.50% of their money and the seller is allowed to contribute towards the buyers closing cost.   FHA is easier to qualify for than conventional loans.  Interest rates are typically lower.   

Contact Clarence Ford, Inland Home Mortgage Company for more information. Perform online searches for homes at southchicagosuburbsrealestate.com.