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Is a 15 year mortgage available with less than 20% down?

by gwelston2778409 from Jefferson, Ohio. Jan 21st 2015 Reply


You can secure a 15 year term with 3% down payment.I can be reached at mwhitaker@gpnbank.netCell: 561.225.4440

Jan 21st 2015
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John Regg (jregg2005)
#77 ranked lender in Ohio - 10 contributions

you can get a 15 year with as little as 3.5% down. I am local in Mason, OH. Please call me 513-229-9667 or email jregg@englending.com thanks John Regg

Jan 21st 2015
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Sean Young (SeanYoung)
#2 ranked lender in Colorado - 1,107 contributions

Yes, you can receive a 15-year mortgage with less than a 20% down payment. You can even do a 15-year loan with as low as a 3% down payment as long as you qualify. Best wishes, Sean

Jan 21st 2015
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Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

Yes, see other answers.

Jan 21st 2015
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#28 ranked lender in New York - 2,236 contributions

Absolutely!

Jan 21st 2015
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,927 contributions

Yes.. conforming programs allow for 3% down for first time home buyers, otherwise its 5% for conventional, or 3.5% down for FHA regardless of whether you've owned a home in the past.. Understand that down payment guidelines do not change based on how long your financing.. so long as you make enough to service the monthly debt and still be within the industry standard Debt to Income (DTI) guidelines, you should be ok.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Jan 22nd 2015
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