We have determined that a 20% down house payments is the most equitable for you. To be considered for a low down house payments loan, you generally need to have: Sufficient income to support the monthly mortgage payment Enough cash to cover the down payment Sufficient cash to cover normal closing costs and related expenses (explained below) A good credit background that indicates your payment history or "willingness to pay" Sufficient appraisal value, which shows the house is at least equal to the purchase price In some instances, a cash reserve equivalent to two monthly mortgage payments .

We can consolidate your debt to help with your monthly payments and get into a house. FHA loans allows home buyers and current home owners to buy a home with less down house payment or mortgage refinance up to 97% of the homes value. We look at many things when giving a low down house payment loan including whether or not you have sufficient income to support the loan, enough cash to cover the down payment, sufficient cash to cover the normal closing costs and related expenses, a good credit background, and sufficient appraisal value showing the house's value is at least equal to the purchase price. We design our first time buyer loans to make it easy to become a homeowner.. Allow one of our representatives research a FHA loan program for you today.