Mortgage Myths Busted! You DON’T Need 20% Down!
Think You Need 20% Down to Buy a Home? Think Again!
Many people believe they need a huge down payment to buy a home, but that’s simply not true! Here are the real facts:
Common Mortgage Myths
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You Need 20% Down – FALSE! Programs like FHA and VA loans allow for low or no down payments.
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Your Credit Has to Be Perfect – Nope! Many lenders work with credit scores as low as 580.
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Renting is Always Cheaper – Not when you consider rising rent prices and home equity growth.
What Are Your Options?
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FHA Loans: 3.5% down
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VA Loans: 0% down (for veterans)
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Down Payment Assistance (DPA) Programs: Help cover costs for first-time buyers
Still have questions? Contact Florida Homes & Loans today to explore your options!
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