Low Down Payment
Mortgage
Recognizing that
saving enough money
for a down payment
can be a major
stumbling block to
buying a home,
lenders have
developed a wide
array of low down
payment mortgages.
These products are
ideal if you have
limited funds for
closing costs as
well. All these
mortgages let you
borrow up to the
amount of the
current loan limit
toward the purchase
of a one-family home
that you intend to
make your primary
residence. The loans
are generally
designed for home
buyers with very
good credit
histories; other low
down payment loans
offer more flexible
qualifying
requirements and may
be particularly
helpful if you have
a limited income.
Different Mortgage
Loan Types - Home
Ownership - Mortgage
Solutions
There are many
different types of
mortgages - make
sure you do your
homework to pick the
one that's right for
you! Below is a list
of the most commonly
used mortgages and a
short description of
each. You may also
think about allowing
one of our many
qualified loan
professionals to
assist you in
choosing the right
loan.
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