Home Buying in Berwyn>Question Details

Exitos, Home Buyer in 60402

with more peolpe singning the mortgage will this lower the down payment

Asked by Exitos, 60402 Thu Dec 1, 2011

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Dan Tabit’s answer
Exitos,
No, lenders want the buyers to have some "skin in the game." There are some 0 down loans, VA & USDA but they have limitations and qualifications which may or may not apply. Otherwise you may be able to get as little as 3.5% on FHA or 5% on conventional financing.
0 votes Thank Flag Link Thu Dec 1, 2011
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