This is still a common misconception unfortunately. ☹
SO PLEASE, PLEASE, PLEASE share this post with your friends and family members who could benefit from learning the truth behind FHA Loans specifically!!
FHA home loans start with as little as 3.5% down (which can come from gifted funds or a family member) whereas Conventional home loans start as low as 3% down. **See graphic on how we formulate the calculations.
Yes, you will need to qualify to determine which home loan option will work best for you... but the rumor about needing 20% down for a home is not reality (nor is it always the best financial move when building wealth).
If you would like to learn more just shoot me a message and I'll be happy to help!!
#LoanOfficer #Mortgage #HomeLoan #HomeLoanOptions #DownPayment #ClosingCosts #HouseHunting #Homebuying #Homebuyer
