5% Down Payments are back

Marian IglesiasMiami, News, Real Estate News, UncategorizedLeave a Comment

After the housing bubble burst, buyers needed to come to the table with as much as 20% down payment to purchase property. Times have changed, lenders have loosened the purse strings, and are offering conforming loans with down payments that are as low as 5% for single-family homes, as well as condominiums. Jumbo loans may require 20 to 30 percent, … Read More