The Channel you have requested is no longer available.

Down Payment Requirements: My Top 4 Posts

 

Down Payment Requirements:  My Top 4 Posts

 

     It happened again ...  

     "It" meaning a call from a hopeful home buyer thinking they needed a full 20% down payment to buy a home. 


     First:  Let me correct this nasty misconception about home buying and lay this myth to rest ...

     You DO NOT have to have a 20% down payment to buy a home!  

     Multiple options exist that can help you become a home owner with a "minimal" down payment ... or with NO down payment, in certain cases.  


     I view this as a very important message and topic.  As a result, I've written on the topic of down payments more than a few times: 


     The posts above provide info regarding down payments, but they also offer info on good options for home buyers that don't have the mythical 20% down payment figure.  

        The following is FACT:  
 
 
     Home buying can currently be accomplished with the following down payment options ...
 
  • NO Down Payment Loans  
      *  USDA Loans 
      *  VA Loans 
      *  Specific regional down payment assistance programs also exist
  • 3% Down Payment financing options exist 
      * Conventional Loans - Fannie Mae's 3% Program offers Interest Rates and Mortgage Insurance premiums that are competitive to FHA's 
  • 3.5% Down Payment Option
     *  FHA Loans (Federal Housing Administration
 
   
     Bottomline:  Should you be dreaming of buying a home, contact me to get the facts as they pertain to YOUR personal financial scenario.  
  
     Don't rely on info received via "the grapevine".  Don't rely on the media or dated internet info.  Don't let friends, family, and others influence you, talk you into non-action, or squash your dreams.  

   
 Contact me.  It's the only way to know for sure what is possible for you and what is not ... 



 
*  Hoping to Buy, Build, or Refinance a home in Chicago or elsewhere in the Greater Chicagoland area?   Contact me now!

Direct:  815.524.2280
Cell/Text:  708.921.6331
eFax:  815.524.2281

 Twitter Account of Gene Mundt, Mortgage Lender   LinkedIn Account of Gene Mundt, Mortgage Lender   Facebook Acct. of Gene Mundt, Mortgage Lender   Pinterest Acct. of Gene Mundt, Mortgage Lender   Digg Acct. of Gene Mundt, Mortgage Lender

 Trulia Acct. of Gene Mundt, Mortgage Lender   Zillow Acct. of Gene Mundt, Mortgage Lender     Klout Acct. of Gene Mundt, Mortgage Lender    Gene's Chicagoland Blog/Gene Mundt, Mortgage Lender  

Gene Mundt

Regional Manager - Mortgage Lender

American Portfolio Mortgage Corp.

                                                                    Personal NMLS #216987

NMLS # 175656

 

Gene Mundt, Mortgage Lender, a Lender with 37 years of #mortgage experience, will offer you exemplary mortgage service and advice when seeking:  #Conventional, #FHA, #VA, #Jumbo, #USDA, and Portfolio Loans in #Chicago and the greater Chicagoland region, including:  The #Lincoln-Way Area, #Will County, (#New Lenox, #Frankfort, #Mokena, #Manhattan, #Joliet, #Shorewood, #Crest Hill, #Plainfield, #Bolingbrook, #Romeoville, #Naperville, #Wilmington, #Peotone, etc.), #DuPage County, the City of Chicago, #Cook County, and elsewhere within IL. 

Gene Mundt, Mortgage Lender can be contacted at: 

815.524.2280 or via his email: gmundt@goapmc.com.

Contact Gene Mundt, Mortgage Lender soon!

Down Payment Requirements: My Top 4 Posts
share
Down Payment Requirements: My Top 4 Posts It happened again.. "It" meaning a call from a hopeful home buyer thinking they needed a full 20% down payment to buy a home. First: Let me correct this nasty… more
Positives Exist Within Today's Mortgage Process
share
Positives Exist Within Today's Mortgage Process Scotsman Guide - May 4, 2015 “ The data shows that 40 percent of the people getting loans now do not have pristine or perfect credit. ” Edward Pinto, Co-Director - … more
Choose the Wording For Contracts Carefully
share
Choose the Wording For Contracts Carefully Today I'm working on a rather challenging mortgage scenario for new and hopeful applicants.. There are many elements to this transaction that serve to make it somewhat… more
Real Estate Tax Bill Info - Payment Due Dates for Chicago-Area…
share
Real Estate Tax Bill Info - Payment Due Dates for Chicago-Area Counties For property owners in the Chicagoland area Spring means tax bills.. Tax Bills are now online for viewing and payment for the following… more
FHA, VA, and Conventional Loans.. The Waiting Periods
share
FHA, VA, and Conventional Loans.. The Waiting Periods There is a phenomenon at play in the American Home Buying marketplace currently. Former homeowners that suffered financial catastrophe during the housing crisis (often referred to… more
Celebrating Mother's Day - May 10th, 2015 In & Around the Chicago…
share
Celebrating Mother's Day - May 10th, 2015 In & Around the Chicago Area Mothers Day 2015 is Sunday, May 10th.. Do you know how or where you're going to celebrate and say thank you to your Mother, Wife, or the other… more
Important Reasons to Pay Attention to Credit and Credit Management
share
Important Reasons to Pay Attention to Credit and Credit Management My experience has taught me: W ay too many people don't spend enough time.. or pay proper attention to.. their finances. That simple tasks regarding credit… more
All Loan Officers are NOT Created Equal. Great Discrepancies Exist
share
All Loan Officers are NOT Created Equal Great D iscrepancies Exist A post written by fellow-lender, Joe Petrowsky inspired me today.. In Joe's post, he spoke of a client he was able to assist in saving some pretty… more
Mortgages: The Importance of Response Time
share
Mortgages: The Importance of Response Time I have clients that are in the midst of their mortgage process. I've been trying to get ahold of them for days, but haven't had much luck. Early yesterday, I'd contacted them yet again,… more
Gene's Mortgage, Real Estate, & Credit Newsletter - April 2, 2015
share
Have you been wondering about any of the following? · Your Credit Scores or debt · If a "Move-Up" home purchase is possible · If you could be saving money by Refinancing … more