Home Buying in Philadelphia>Question Details

Shamyra Smal…, Home Buyer in Philadelphia, PA

I am on trulia just about every day. Is there a way to pay a different down payment regardless of credit?

Asked by Shamyra Smallwood, Philadelphia, PA Sat Feb 2, 2013

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5
Shamya... That's a Mtg Lender question... If you not working with an aggressive lender.... then give me a confidential call at 215-757-2889....

Ask for John, 215-757-2889

All the best... and enjoy the Game!

Take us with you! http://www.mobile.homecatch.com
0 votes Thank Flag Link Sun Feb 3, 2013
Shamyra,

Honestly people are always nervous when it comes to the down payment. I would suggest talking to a mortgage person and they will be able to explain to you the best way for you to go. just a FYI 3.5% is the lowest down payment unless you are a VET. If your credit is a little messed up you might be able to go with a rent to own or try and get a co-signer.

Your Real Estate Professional,


Robert Travers
Realtor®
PA Lic No: RS316370
Oh, by the way I'm never too busy for your referrals!

Keller Williams Main Line Realty
720 W. Lancaster Ave
Bryn Mawr Pa 19010
Mobile: (267)257-4051
Ph: (610)520-6599
Of: (610)520-0100
Fax: (610)520-1835

Email: rtravers@kw.com
http://www.househuntinginpa.com
0 votes Thank Flag Link Sat Feb 2, 2013
The minimum you'll need to put down with any loan is 3.5% of the sale price.
0 votes Thank Flag Link Sat Feb 2, 2013
No. It's either financing or 100% cash.
Common down payment amounts are 3.5%, 5%, 10% & 20%. Unless you ate paying all-cash, your credit score matters.
0 votes Thank Flag Link Sat Feb 2, 2013
Shamyra,
Credit is always an issue if you are financing. If you have something of value, it could be converted into money which could be used for down payment. Sell a car or a boat or you could theoretically exchange properties.
0 votes Thank Flag Link Sat Feb 2, 2013
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