You Don't Need 20% Down to Buy a Home!

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Buying a Home With Less Than 20% Down? Don't Let Mortgage Insurance Catch You by Surprise!

You don't necessarily need a 20% down payment to purchase a home!

Conventional financing may allow as little as 3% down, while FHA loans may offer down payments as low as 3.5% for qualified borrowers.

But there's something important to understand: Private Mortgage Insurance (PMI) and FHA Mortgage Insurance Premiums (MIP) work differently.

Your credit score, down payment, loan type, and other factors can influence what you pay and how long you'll pay it.

And mortgage insurance isn't necessarily a bad thing. It may allow you to purchase a home sooner while keeping more of your savings available.

Whether you're a first-time homebuyer or moving into your next home, understanding the total cost of financing is important.

 For more information Click Here

Robert (Rob) Clark | Home Loan Consultant
Firestone Financial Group
Cell: (209) 227-7745
Cell: (559) 476-9279
rbrtclark53@gmail.com
www.RobertClarkLoans.com

NMLS #357788 | Firestone Financial Group NMLS #301522
CA DRE #01148307 | Equal Housing Lender

Loan programs, minimum down payments, mortgage insurance premiums, and eligibility requirements vary. All financing is subject to credit approval, underwriting, and applicable program guidelines. Down payment examples do not include closing costs.