Down Payment Fears

 

There are so many different programs out there that depend on the down payment. Most FHA insured loans are available with 3.5% down.

Some local programs enhance this and allow 0 down. Conventional loans like to see 10-20% down. Private money loans go as far as 35-

50% down and are aimed at credit challenged individuals. Do not fear the down payment and remember Palmdale Mortgage is her to Guide

 you through the Mortgage process. After determining how much you have available for your down payment we will devise a plan to find the

right Mortgage product for you. The best thing to do is to save as muh as possible while paying down credit card balances which will help

your credit scores go up. Sometimes I high credit score enables you to put less money down.