5% Down Mortgage - From your mortgage broker

Yes you read that right! There are a variety of programs that allow home buyers to purchase a home with ONLY a 5% down payment. The program is designed to allow everyone an option to enter the home buying market. The remaining 95% of the purchase price will then be mortgaged by the lender we set you up with. These mortgages are under the standard 20% down payment so they will have to be insured. One of the main minimum qualifications for the insurance program, is a credit score over 600! More information about the down payment program is below. You can find more information on the drop down menu above about insurance on the down payment programs. Contact us today to find out more. Check out some of the other programs that you may be interested in as well! 

When the purchase price of your home is $1 Million or more, the minimum down payment will have to be 20% of the purchase price. 

Depending on your personal credit situation, your lender may require a higher % of down payment relative to the purchase price. Contact us today to find out more about available options for you! There is some flexibility with some options. Reach out to us to find out more.