George Nettles, Denver CO – I get asked about down payment requirements a lot, so here is the latest scoop from Chris & Debbie Thomas, The Mortgage Experts. It seems these % down amounts are like the interest rates, constantly moving around a bit.
|Here are the latest (11/22/2013) down payment requirements for various types of loans.Conventional (non-government) loans:
FHA loans (primary residence only):
VA loans (primary residence only):
Does your lender sell directly to Fannie Mae like we do, or do they have lender overlays that prevent loans from being approved?
Have questions about anything related to a mortgage? Give us a call and see why they call us The Mortgage Experts.
Getting a loan approved is easy – if you know what to do. The Mortgage Experts know what to do!!! Call us if you want to use the best lenders in Colorado!
……And check out all our great tips on our blog at:
By the way, don’t forget to refinance your current mortgage. Rates are very, very low right now. Don’t miss out! Call us today to get the details for your particular situation.
Chris Thomas, 303-345-3683
Debbie Thomas, 303-451-0977
Great Web site: http://www.mtgsupportservices.com
*George Nettles is an Associate Broker with Brokers Guild Cherry Creek in Denver, CO. He is the founder of www.LuxuryHomesInDenver.com and Denver’s Luxury Home Team and can be reached at 303-981-7282 or George@LuxuryHomesInDenver.com.