When looking at what your mortgage options are when buying a home, understanding what those options are, how will it benefit you and your family. Does it meet your needs. Do you need assistance with down payment and closing costs? I am here to assist you with those options. Here are a few answers to most asked questions.

• A down payment is paid upfront in a financial transaction, such as purchasing a car same for a home purchase.
• Buyers often take out loan(s) to finance the remainder of the purchase price.
• The higher the down payment, the less the buyer will need to borrow to complete the transaction and reduce the interest paid over the long term.
• The minimum down payment is 3% for conventional home loans for first time homebuyers, FHA minimum down payment is 3.5%. Down payment for both loans is based off the purchase price and would require for the home to be your primary residence. Closing cost assistance could possibly be available to you.
• There are credit requirements for all loan programs and down payment assistance. You could not have owned a home in the last 3 years to meet the down payment assistance requirement.
• We are a approved Broker to assist with the Down Payment Assistance Program and other lending programs.
• There may be other programs that may meet your needs if the down payment assistant program does not work for you.

Knowledge is power to assist you to move forward and meet your goal of homeownership. I look forward to assisting you to reach that goal.