Freddie Mac "Home Possible": $0.00
Fannie Mae "MyCommunity": 3%
Standard Fannie/Freddie products: 5%
To avoid PMI: 20%
Note that there are numerous qualifying requirements. Not all lenders offer all programs. There may be state restrictions as well. With the exception of FHA, minimum downpayments come with rate price adjustments and PMI that is more expensive and more difficult to qualify for than in the past.
A.T. REAL ESTATE SPECIALISTS LLC
Arlene Trunzo, CRS,GRI,SRES / Broker Owner
(BCREP) Board certified
718-317-0949 0R 917-359-1985
My Name is Caesar Galindo Office manager, and Law Student at CUNY Law School.