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What are options for buyers who can afford a 20% down payment?

April 26, 2017afford Buyers down payment Options

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What are options for buyers who can afford a 20% down payment?

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Assuming you can afford (and qualify for) high monthly mortgage payments and have an excellent credit history, you should be able to find a low or zero percent down payment loan. However, you may have to pay a higher interest rate and loan fees (points) than someone making a larger down payment.

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Assuming you can afford (and qualify for) high monthly mortgage payments and have an excellent credit history, you should be able to find a low (10% to15%) down payment loan. However, you may have to pay a higher interest rate and loan fees (points) than someone making a larger down payment.