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The Latest News on Interest Rates and Down Payments
Manage episode 178793255 series 1432373
Вміст надано Chris Hauck. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Chris Hauck або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
If you’re worried about rising interest rates or having to put down 20% to purchase a home, I have some great news for you.
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Do you have to put 20% down in order to purchase a home? How much will rising interest rates affect the market? I get those two questions quite often, and I have some great news!
First, 30-year fixed loans are still at a 4% interest rate, which is still very attractive.
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A 4% interest rate is still very attractive.
” Second, we have conventional financing with 20% down or more. However, we have a number of programs that require a substantially smaller down payment. FHA loans are about 3.5% down, rural development loans are 0% down, VA loans are 0% down, and regular conventional loans can be anywhere from 3% down to 15% down depending on what you qualify for.
There are a number of ways you can get into a home, and if you have any questions, please feel free to give me a call. I’m always happy to help!
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