Mark's Mortgage Minute

Blog Image: The Little-known Mortgage That Doesn’t Require a Down Payment

The Little-known Mortgage That Doesn’t Require a Down Payment

A conventional mortgage loan requires a 20% down payment. If you are a first-time homebuyer however, saving up tens of thousands of dollars can seem like an impossible task. Of course, there are loan programs, like FHA mortgages, that allow for low down payments, but they often have stricter requirements. For some of those programs, you may have to pay higher interest rates, have better credit scores, or pay higher mortgage insurance fees.  Fortunately, there is a little-known mortgage loan that requires no down payment and minimal fees: the USDA loan. USDA Loan Defined These are mo...

September 9th, 2020 | Government Loans, USDA Loans, The Little-known Mortgage That Doesn’t Require a Down Payment

Mark Moyes (NMLS# 267431)

Phone: 801-999-0886 | Fax: 888-835-4067
910 East 6600 South,
Salt Lake City, Utah 84121
Intercap Lending (Corporate NMLS# 190465)
www.nmlsconsumeraccess.org

Intercap Lending NMLS: 190465