Low Down Payment Loans - Steve Thomas - Lake Geneva, WI

Steve Thomas
NMLS# 1556796
Lake Geneva, WI Loan Originator
Steve Thomas, Loan Officer in Lake Geneva, WI
Steve Thomas
Go to Steve's PageSteve Thomas, Loan Officer in Lake Geneva, WI
415 Broad Street
Suite 104
Lake Geneva, WI 53147
US
NMLS# 1556796
Licensed to originate: WI
Day of the WeekHours
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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 Lake Geneva, Wisconsin

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