Explore the many options for your mortgage and down payment to enjoy an affordable monthly payment for your dream home. Follow these home buying tips to enjoy hassle-free purchasing.
Mortgage
The most common mortgage options are conventional, FHA and VA loans. A conventional mortgage is a great option for most home buyers, but an FHA loan can be used to enjoy affordable rates and is backed by the Federal Housing Administration.
Down Payment
Compare 30- and 15-year options to discover how you can secure your home with an affordable down payment. Conventional and FHA mortgages can be secured with a down payment as low as 3-3.5%, while VA loans don’t always require a down payment at all. Compare these options and prepare to make an offer on your dream home.