As usual, Gene Mundt, a Chicago mortgage lender offers excellent advice which Los Angeles home buyers can take advantage of.
Today, I want to address 3 things that seem to crop-up frequently when working with home buyers … and that’s …
USDA Rural Development - Properties in qualified counties and specific villages are eligible for these loans with NO MONEY DOWN … and credit scores as low as 620. (First-time buyers only)
- IHDA Loans - $1,000 down with GRANT money used for remainder of down payment. (First-time buyers only)
- FHA - Down payments can be as little as 3.5% … and this is for ALL buyers. First-timers and step-up too.
- VA - Veterans can buy or refinance at 100% with NO MONEYDOWN.