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The Latest News on Interest Rates and Down Payments
Manage episode 178793255 series 1432373
Chris Hauck द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Chris Hauck या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।
If you’re worried about rising interest rates or having to put down 20% to purchase a home, I have some great news for you.
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Do you have to put 20% down in order to purchase a home? How much will rising interest rates affect the market? I get those two questions quite often, and I have some great news!
First, 30-year fixed loans are still at a 4% interest rate, which is still very attractive.
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A 4% interest rate is still very attractive.
” Second, we have conventional financing with 20% down or more. However, we have a number of programs that require a substantially smaller down payment. FHA loans are about 3.5% down, rural development loans are 0% down, VA loans are 0% down, and regular conventional loans can be anywhere from 3% down to 15% down depending on what you qualify for.
There are a number of ways you can get into a home, and if you have any questions, please feel free to give me a call. I’m always happy to help!
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