I have extensive experience working with first time homebuyers in the boroughs and suburbs using VA, FHA and conventional loans. VA loans for veterans offer 100% financing, FHA requires 3.5% down while conventional loans generally require at least 5% down.
Please contact me directly at 917.699.0183 or firstname.lastname@example.org to review your options and get a free no cost/ no obligation preapproval. You can read reviews from some of my clients on my Trulia profile page.
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NMLS # 24076
From here the Loan Officer can tell you exactly what you qualify for, how much downpayment you'll need (it can be 3.5%, 5%-20%, etc.) which depends on what loan program you qualify for and what's the best fit for you. Many buyers qualify for less than 20% downpayment, in fact most buyers have less than 20%.
If you're interested in meeting face-to-face and go over all your financing options, estimated payments, closing costs, loan programs available to you, etc., I'm available to meet in one of our Manhattan, Brooklyn, Queens or Long Island offices. Good luck.
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Senior Loan Officer
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
(516) 606-9648 Cell
(516) 740-4478 Office
(516) 918-5383 Fax
20% down should be more than enough. If you do not have extra funds for closing costs, you can request a seller's concession and your closing costs will be wrapped up in the mortgage.
Feel free to call or email me if you have further questions about this process.
Well I hope this helps! If you have any further questions or if you need a loan, feel free to contact me. Also, if you found this helpful please leave me a recommendation if you can!
Brian Nguyen Sr.
NMLS # 659743
you have to apply for a mortgage for the remaining 80%. If you need someone to talk to, contact me and I will give you some names. It will depend upon your income and credit score the total amount
you will be able to borrow. then you can go looking for a home.
should you have any other questions, just let me know