NY down payment

Sometimes, to get the best rate possible, youll be required to pay 20% of the purchase price as a down payment. Along with getting you a better interest rate, it will also allow you to avoid PMI, which is another expense added onto your mortgage payment.

Everyone deserves to be able to purchase a home. Unfortunately a lot of people just don't have much of a down payment, or so they think! There are programs available, some that not even your best friend may not tell you about! Call [full name] at 888-920-0123 x302 or info@charleslight.com, I'll guide you through that maze of loans and help you get that dream house you deserve!

Special programs such as VA loans do not require any down payment. Check with your mortgage professional for details on these programs.

There many special loan programs in NY that allow you to buy a home with little or no money down, as opposed to the conventional 20% down payment.
Contact Charles Light at 888-920-0123 x302 or info@charleslight.com to take advantage of these great programs!

If you are not able to put down a full 20% down payment on your home purchase, many lenders in NY offer alternative programs which allow you to use a smaller down payment.

Such programs offer 75% loan to value on your first mortgage, a 15% second mortgage, with a 10% downpayment. Some lenders also offer a 80% loan to value on your first mortgage, 10% second, along with a 10% down payment option.

Having MI is not always a bad thing, sometimes you can qualify for much lower rates and still have a lower payment with MI than you would at a higher rate with no MI...Not everyone has 10 or 20% to put down, don't feel bad...

Very few consumers in NY have little to any money available for a down payment to buy a home. This is why many consumers don't think they can buy a home without a big enough down payment. The truth is that there are so many programs available now-a-days that will allow people to buy a home with very little to no down payment. There are even many ways and programs to be able to avoid having to pay for closing costs out of your pocket when buying a home as well. There are 100% 1 loans with and without PMI, there are 80/20 combo loans, there are seller concessions, there are 103% loans, and many, many other programs out there just for people like you and me who do not have money for a down payment on a home. Consult a mortgage professional today to see which programs you qualify for and which program will work best for you to save you the most money.