Choosing the right South Florida community often means comparing Pinecrest with nearby areas such as Palmetto Bay and Cutler Bay. Vivian Selling Florida helps buyers and sellers understand how these
Dated: September 23 2021
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Staring DOWN a DOWN payment? Don’t flinch—you’ve got options!
20 percent: If you can swing it, putting 20% down has its benefits like lower payments, more equity, and no PMI.
10 percent: For an FHA loan, you’ll need 10% and a credit score of 500 to 579.
3.5 percent: If your score is a little higher (580+), 3.5% will do for an FHA loan.
3 percent: A conventional loan owned by Fannie Mae or Freddie Mac requires as little as 3% down.
0 percent: Qualify for a VA loan or a USDA loan? That’ll be zero dollars down, please. High-five!
PMI, FHA, VA, USDA….choosing the right loan and down payment doesn’t have to be confusing. If you’re researching your options and have questions, reach out. I’d love to point you in the right direction!
Born and raised here, we are very knowledgeable in the area both professionally and personally. We are a family team with diverse skills in real estate. My husband, Tom, who has experience in building....
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