Absolutely! There are several mortgage programs available that allow 0% to just 5% downpayment. There's a couple government insured programs such as the VA loan, which could allow 100% financing for qualified veterans. You also have the FHA loan which allows just 3.5% downpayment. We also have My Community which is a non-government insured loan program and requires 3% downpayment, as well as a traditional conventional loan which requires a little as 5% downpayment.
Which program is best for you? That depends on several things. It's always best to meet face-to-face with a Loan Officer and allow him/her to review all the necessary documents and then they could tell you exactly what your options are, how much you qualify for, what the estimated payments are, rates, estimated closing costs, etc.
This meeting is a great opportunity to also ask all the questions you need to. It important for you as a buyer to become as educated as possible on everything involved in buying your house. I can let you know exactly what documents you need and would be happy to meet with you and help you with this entire process. I'm available to meet face-to-face at our Woodbury offices any day of the week. I have relationships with many different Real Estate offices in both Suffolk & Nassau Counties. I can definitely recommend a good Realtor or two in the Deer Park area and other parts of Suffolk County. Good luck!
If my response was helpful, consider clicking BEST ANSWER!
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