Homebuyer Misconception: You Need a 20% Down Payment
As rates continue to remain at historic lows, many homebuyers still believe that they need to have a 20% down payment in order to qualify for a mortgage. GSF Mortgage offers programs where a homebuyer may not have to bring a down payment to closing or may only need a 3% down payment.
The USDA loan is the only zero-money down loan available for non-veteran borrowers. Through the program, if you buy a home in any of the approved rural areas, you maybe eligible for financing with down payment. The program offers a flexible and easy approval process as well as low fixed interest rates.
FHA loans have been helping people become homeowners since 1934. Your down payment can be as low as 3% of the purchase price and most of your closing costs and fees can be included in the loan.
A VA mortgage is one of the only loan programs available to active military and veterans that still allows the borrower to finance 100% of the home’s value and purchase with $0 down.
GSF Mortgage also offers a Heroes Discount, which allows teachers, law enforcement, firefighters, EMTs and flight crew to receive a reduced rate or fee on any loan closed with GSF Mortgage.
Contact Todd Rickun to learn more about these programs: (414) 429-8501.
Todd Rickun NMLS# 281553 This is not an offer to make a loan or to make a loan on any particular terms. All loan applicants must qualify under the underwriting requirements and satisfy all contingencies of loan approval. GSF Mortgage Corp. NMLS# 1018. 15430 W. Capitol Drive | Brookfield, WI 53005. Equal Housing Lender.