Sometimes when an individual or family is looking to buy a new home with the help of the experts at the Focus Realty Group, KW Lakeland, they can get discouraged when they learn about how much money they might need in down payment funds. With some loan programs the initial investment can be up to 20%. On a $150,000 home purchase that's a whopping $30,000!
Did you know that there are loan programs in Polk County, FL that don't require a down payment at all?
- $0 down.
- No money down.
You heard it right! There are home mortgage programs available that require no down payment at all. There are three basic criteria that are evaluated in determining your zero down mortgage loan eligibility:
- Geographic location of your new home.
- Household size. How many people will be living in your new home?
- Household income. What is the total income of all people that will be living in your new home?
If you would like to learn if you are eligible for a no money down home loan, contact the experts at Focus Realty Group, KW Lakeland online today, or you can call or text 863-640-2246 now!