Start with your budget, not just your approval
The payment you can qualify for and the payment that fits your lifestyle may differ. We’ll look at your priorities, future expenses, and reserves alongside your financing review. Think about taxes, insurance, association dues, maintenance, and utilities—not just principal and interest.
Compare low-down-payment options
Eligible buyers may have conventional options with as little as 3% down or FHA financing with as little as 3.5% down. Those are program minimums, not approval promises. Your credit, income, property, loan size, and lender requirements influence the available choices. FHA is not limited to first-time buyers.
Explore assistance with the full cost in view
Down payment assistance can help with upfront funds. It may be a grant, forgivable loan, deferred-payment second mortgage, or a loan requiring payments. Before deciding, compare cash needed, the first-mortgage rate, fees, total monthly payment, and any later repayment obligations.
Check the property early
Condominiums can introduce a separate approval review. Before you commit to a property, ask which financing paths may be available for that project and what still needs verification.