Little to no money down home loans are still available. Purchasing a home in Clinton County offers great opportunity. In Plattsburgh NY real estate has consistently increased in value and interest rate are still extremely low.
One of the biggest concerns many first time home buyers have is how much money is needed for a down payment. In 2017 there are many loan programs that offer no money down. USDA, VA, and even FHA home loans can be structured with no money down. Although FHA calls for 3.5% down. Many down payment assistance programs exist that can help with the down payment.
USDA home loans is the most popular no money down home loan. USDA offers low interest rates, flexible lending guidelines, and offers fixed rate mortgages leaving no worry about your payment increasing in the future.
If you are a Veteran, you can take advantage of the VA home loan program and get a low interest rate, no money down, and zero monthly mortgage insurance.
FHA is another program that requires very little down and if you take advantage of a down payment assistance program, you could purchase a home with money down.
Financing a home can seem complex. Be sure to speak to a professional you can trust to guide you through the home buying process. Make sure to ask questions about potential issues or concerns your lender has. Utilizing Bank of England’s knowledge and experience, you will have a roadmap to homeownership.
Give our mortgage professionals a call today and learn what option works best for you.
Be sure to look around our site. We would love to hear if you find our articles educational and helpful. Our goal is to help educate consumers on credit and financial practices as well as open the doors to homeownership for everyone. Thank you for visiting Bank of England Mortgage.