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Depending on what loan you apply or qualify for, you could qualify for a $0 down payment. Our team will help you navigate different loan options, including:
• USDA Loans — A government-backed loan by the US Department of Agriculture similar to FHA loans, mostly used for rural areas or, areas that qualify for lower than the average income. The $0 Down program starts at 620 credit scores and up.
• VA Loans – Government-backed loans for veterans that don’t require a down payment are more lenient with regards to credit scores.
• FHA Loans – A government-backed loan for most first-time home buyers, with only a 3.5% required down-payment, which is very affordable to most people with a little saving, and the interest rates are appealing too.
The minimum credit score needed to buy a house can range from 500 to 700, but will ultimately depend on the type of mortgage loan you're applying for and your lender.