Pinnacle Mortgage Bankers offers low-down payment options that can help you buy a home when you have less money than normally required to put down for a home purchase. For example, if you qualify for a $75,000 home loan with a 5% down payment, you'll only need to produce a $3,750 down payment when your loan closes. (You may also be required to pay closing costs and related fees in addition to your down payment).
Low down payment options can help you improve your lifestyle sooner in several ways. For example, instead of paying rent month after month, you can invest in home ownership and begin building equity. A low down payment also makes it possible for you to move into the type of neighborhood you admire. And, if you find a bargain-priced home, you may be able to snag the deal of a lifetime!
Pinnacle Mortgage Bankers’ low down payment programs include:
- First Time Homebuyers: These flexible programs are designed to assist homebuyers who have no traditional credit history and/or haven't yet saved up a traditional down payment.
- FHA Loans: These are insured by the Federal Housing Administration (FHA), which means we can offer these loans to people with limited down payment funds. Flexible credit requirements are another advantage offered by FHA loans.
- VA Home Loans: Available to both military veterans and active servicemen and women, these loans feature lower closing costs, interest rates, and even a no down payment option if you haven't used your VA loan entitlement yet (this is called "full entitlement").
Contact us for more information about any of these loans, or click here to apply now via our secure server.
