There are some non-traditional lenders out there

May 19, 2019
8:44:09am

donnerstag All-American

I suspect that 99% of the population isn't getting that type of loan. It is slightly more common to find a highly undervalued property, where the lender allows the built-in equity to be a portion of the down payment.

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donnerstag

Bio page: donnerstag
Joined: Feb 22, 2005
Last login: May 8, 2024
Total posts: 38,988 (684 FO)

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Messages

Author

Time

Can people get home loans these days with less than 20% down?

Philosoraptor

5/19/19 8:24am

Yes. But they will pay PMI.

RexIdaCoug

5/19/19 8:28am

Or avoid PMI by paying a higher rate

Odysseus

5/19/19 8:51am

For primary residences, you can go as low as 3%

donnerstag

5/19/19 8:34am

Some can pay zero down

CBaass

5/19/19 8:38am

There are some non-traditional lenders out there

donnerstag

5/19/19 8:44am

With good credit 10% down isn’t hard to find.

jkccoug

5/19/19 8:36am

We had 10 % down, got a good rate, and ended up with a relatively small PMI

cougaman

5/19/19 8:54am

FHA, VA, USDA, State assistance programs. Tons of options out there.

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