Low Down Payment Loans - Lisa Watson - Battle Creek, MI

Lisa Watson
NMLS# 917611
Battle Creek, MI Loan Originator
71 S 20th St
Ste 107B
Battle Creek, MI 49015
US
NMLS# 917611
Licensed to originate: MI
Day of the WeekHours
Mon8:00 AM - 5:00 PM
Tue8:00 AM - 5:00 PM
Wed8:00 AM - 5:00 PM
Thu8:00 AM - 5:00 PM
Fri8:00 AM - 5:00 PM
SatClosed
SunClosed

About Low Down Payment Loans

A down payment is arguably one of the biggest obstacles to buying a home. So much so that some people feel homeownership is out of reach for them. Part of the problem is that many people still believe that mortgages require a large down payment. The traditional down payment for a mortgage is 20%. If interested in a home with a purchase price of $200,000, some buyers think they'll need a minimum down payment of $40,000. The good news is that mortgage programs today are much more lenient with regard to upfront cash, so it's possible to get a mortgage loan with far less down.
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How does a Low Down Payment Mortgage Work?

Little to No Down

Bond Program Options

Gift Down Payments

The amount you’ll need out-of-pocket with a low down payment mortgage varies depending on the program. If you take advantage of a conventional loan, you can purchase a property with as little as 3% to 5% down. The minimum down payment with an FHA home loan is 3.5%. Use the mortgage calculator below to calculate your real-time rate scenario.

Low Down Payment Options in Battle Creek, Michigan

Our loan experts are highly knowledgeable and can provide additional information on low down payment options. Give us a call today if you have any questions about minimum credit scores, down payment assistance programs and zero down payment options. We can help you find a home loan that’s right for your situation.
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Frequently Asked Questions