Down Payments

Down payments tend to be the hardest part of a mortgage. Lenders usually require anywhere between 5% and 20%. If you have a lower credit score then putting down more of a down payment, somewhere in the 25% to 30% range, the lender will be more willing to give you the loan. If you cannot make the down payment, then you might have to get Private Mortgage Insurance, or PMI. Can me and we can look at your options. Jeff  Moore 757.552.7000.