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Posts from July 25th, 2022

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July
25

Buyers: Do You Have Enough for a Down Payment?

July 25th, 2022 by Counselor Realty

Down Payment Amounts - Buy a Home - Counselor Realty

The first thing any homebuyer needs to do before looking at Alexandria homes for sale is to start saving for a down payment. Depending on your circumstances and the loan programs you qualify for, the amount required can vary significantly. The median is around 13% for all homebuyers and around 7% for first-time homebuyers. The sooner you start researching your loan options, the sooner you'll know which magic number is the right number for you.

Down Payment Requirements

VA Loan
If you're active duty, a veteran, or spouse, you may qualify for a VA-backed home loan. These loans require 0% down making it considerably easier to step into a new home. These loans are backed by the VA, but borrowers are still required to meet the lender's lending requirements to qualify for the loan.
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Categories: Buy a Home

Tags: Counselor Realty, Bloomington MN, Eden Prairie MN, Edina MN, Minnetonka MN, Plymouth MN, Victoria MN, St. Paul MN, Rochester MN, First-time buyers, Minneapolis MN, Buy a house, Mortgage, For Buyers, Buy a Home, Albertville MN, Alexandria MN, Andover MN, Anoka County MN, Arden Hills MN, Blaine MN, Brainerd MN, Coon Rapids MN, Detroit Lakes MN, Fridley MN, Glenwood MN, Maple Grove MN, Roseville MN, Saint Cloud MN, Shoreview MN, Wayzata MN, White Bear Lake MN

Posts from July 25th, 2022

Buyers: Do You Have Enough for a Down Payment?

Down Payment Requirements

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