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You don't need 20% down to buy a house! 🤯

The amount of money you need for a down payment on a home can vary based on several factors but here are some general guidelines:

→ Conventional Loans: 5% - 20% down

→ FHA Loans: 3.5% down

→ VA Loans: O down

→ USDA Loans: 0 down

Last year there were some new regulations which actually help buyers putting less down with better interest rates and other terms.

Before embarking on the home buying journey, it is advisable to seek guidance from a mortgage advisor or lender. Understanding the specific down payment requirements associated with the type of loan you are considering is crucial. If you require recommendations for lenders, feel free to reach out, and I can provide some for you.

Owning a home may be more within reach than you realize.🏡

#HomeOwnership2024

#HomeBuyingGoals

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