You can get an FHA loan for 3.5% down payment, and there are also USDA mortgages for 0% down available. Thanks, and good luck,
Here at Century 21 in Coos Bay we have a loan specialist who can sit down with you for about 20 minutes or chat with you over the phone and tell you all about the best loan products for you. Currently all homes in Coos County qualify for USDA loans which require no downpayment. You can also ask the seller to pay for your closing costs. FHA loans are also available which only require a 3.5% loan. As far as selling your current home I would suggest you get a Real Estate agent to do a pricing strategy work up on it. The assessed value has no bearing on the current market value. Depending on when the home was first assessed and it's condition and also what similar homes in Coos County are selling for will set the market price. Please contact me if you would like a free pricing quote. I would suggest that you also put it on the market soon as the number of buyers really goes down from Nov - Feb here. Please contact me with any other questions and for the number of our loan consultant. He will head you in the right direction for the best loan for you.