For the 1st Time Homebuyer, the down payment on a home can often be the most challenging obstacle. Peoples offers a variety of government, state & county bond loans that are designed to offer the new homebuyer anywhere from 3-4% in down payment assistance that could be in the form of a grant or a low interest rate loan. Peoples prides itself in educating and assisting the 1st Time Homebuyer and has a seasoned staff that understands the eligibility requirements.
Down Payments: How Much is enough?
If you’re saving up to buy your first home or wondering if you have enough equity to trade out for another, you may be relieved to know that for most buyers, low down payment options are still available.
Are you surprised at how low you may be able to go? While many believe a 20% down payment is required or simply the most prudent, you can see now that it’s far from the only option. Whether you’re saved a little or a lot, reach out today, and we’ll work on finding the perfect formula that’s just right for you.