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3% down payment loan.

Is that available for any type of person or you have to be in military? by jarredlichem51 from Corona, California. Jan 8th 2015 Reply


Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,250 contributions

no for anybody .. the military goes thru THE VA LOANS . FHA is 3.5% down and USDA IS a 100% loan, but your property has to be in a rural area.

Jan 8th 2015
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Jericho Cherry (Jerichocherry)
#58 ranked lender in Virginia - 1,107 contributions

FHA offers a 3% down which applies to any one who qualifies.

Jan 8th 2015
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Jericho Cherry (Jerichocherry)
#58 ranked lender in Virginia - 1,107 contributions

Correction, 3.5% down for FHA.

Jan 8th 2015
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David Schwartz (davids)
#477 ranked lender in California - 24 contributions

Special programs run by the state allow a 3% conventional loan. For additional information on these and other programs that allow the borrower to bring in as little as 0% even if your not military please call me at 714-227-5087. David Schwartz, Banc Home Loans.

Jan 8th 2015
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Sean Young (SeanYoung)
#2 ranked lender in Colorado - 1,107 contributions

Fannie Mae has recently revived the 3% down payment conventional loan, Freddie Mac will offer it in a couple of months. FHA requires a 3.5% down payment and VA is 100% financing. Anyone who qualifies can do the 3% down payment conventional loan. I would speak with a local loan officer and have them present you all of your available options.

Jan 8th 2015
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Nicholas Capretta (ncapretta@usavingsbank.com)
#91 ranked lender in Ohio - 8 contributions

There are a few different loan options that you have through FHA with possible grants as well as conventional 3% downpayment programs as well. Military/VA loans allow for 100% financing but you can quailify for 3% down payment programs if you havent served.

Jan 9th 2015
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