Home Buying in Naples>Question Details

Trulia Ralei…, Other/Just Looking in Raleigh, NC

How large a down-payment should first time homebuyers expect to put down?

Asked by Trulia Raleigh, Raleigh, NC Fri Apr 12, 2013

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Nancy Linder’s answer
Adding to what is already written by the other agents, a "HomePath" mortgage has some special financing benefits. "HomePath" homes are homes that were foreclosed Fannie Mae homes. A listing will state if the home qualifies for a HomePath Mortgage. Only certain banks offer HomePath mortgages. The link is to a brochure: http://homepath-activedt.netdna-ssl.com/content/pdf/HPM_Fact…

Sincerely,
Nancy Linder, REALTOR
Naples Realty Services, Inc.
Cell phone: 314-616-2313 (Missouri number, live and work in Naples full time)
Website: http://www.NancyForNaplesHomes.com
Facebook: http://www.facebook.com/NancyForNaplesHomes
Twitter: @NancyJLinder
LinkedIn: http://www.linkedin.com/in/nancylinder
0 votes Thank Flag Link Fri Apr 12, 2013
FHA is generally 3.5% and Conventional loans 5%. Though sometimes you can find local banks and credit unions who offer special programs for zero down.
0 votes Thank Flag Link Fri Apr 12, 2013
Depends on many variables and type of mortgage...FHA, VA, Convential each carries their on requirements and buyers credit scores. Kathy BC 800-448-3411 ext 601...4/12.
0 votes Thank Flag Link Fri Apr 12, 2013
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