With Little To No Money Down You Can Buy A Denver Area Home
by Brian Burke
on Thursday, October 31st, 2013 at 5:48pm.
No Money Down You Can Buy A Home In Colorado
There is Money to Loan!Watch this video to learn how.
When the media is stating you need 20%, 25% or even 30% down to purchase a home in today’s economy, I think you’ll find this will be the most important video you will ever watch.Here’s why:
This is not true.
Listen, I’m Shawn Janusheske Senior Loan Officer with Catalyst Lending over in Greenwood Village and I am sick and tired of media telling you this misinformation. The truth is. . .
·Conventional mortgages require just 3% down or on a $250,000 home purchase that comes out to $7,500.
·FHA mortgage loans require just 3.5% down or on a $250,000 home purchase that comes out to $8,750.Better yet, this can be give to you in the form of a gift.In other words, your mom or dad, brother or sister, aunt or uncle can give you this down payment.It can come from your retirement account and even from your employer in form of a bonus check.By receiving a gift of down payment for an FHA loan, the purchase is a really no money down purchase.
·And if you are currently a member or ever served in the military you may be eligible for a VA mortgage loan that requires no money down.
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Brian Burke | Broker | ePRO | Expert | 303.955.4220 Office | 303.710.2609 Direct | Brian@kennarealestate.com