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Down Payment | Madison WI Area Top Real Estate Team Blog

Wednesday, December 2, 2020   /   by Amber Huemmer

Down Payment Requirements | Home Buying Tips | The Huemmer Home Team | Madison, WI Realtor

Are you wanting to buy a home but you don’t have a lot of money saved for a down payment?

You don’t need 20% down to buy a home.
A conventional 30 year fixed requires as little as 3-5% down.
FHA loan only requires 3.5% down and allows for less than stellar credit.
WHEDA loan requires 3% down but you can piggyback a WHEDA second loan called Easy Close to lower or completely cover your down payment.
VA and USDA offer 0% down loans but come with some additional qualifying requirements in order to participate.
Get pre-approved for FREE with a local lender and discuss these options in greater detail to see which one is best for you and your situation. Also make sure to ask if they have any special in-house loans or down payment assistance programs.
The Huemmer Home Team has the KEYS to your home buying success. Let’s get you started today.
Amber Huemmer, Real Estate Agent
The Huemmer Home Team
RE/MAX Preferred
608-279-5424 ...

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