We get this question a lot: Are there opportunities to buy a home with low or no money down?
Various news outlets have claimed that you need a 20% down payment in order to purchase a home, but it’s not true—you can certainly buy a home with zero down.
There are several loan programs out there, such as the Utah Housing Corporation loan or the USDA loan, that help you buy with either nothing down or a very low amount. However, each program does have requirements. These may include:
- Income
- Size of household
- Location
- Home condition
“There are many factors that go into this, and a lot of them depend on your specific situation.”
There are many factors that go into this, and a lot of them depend on your specific situation. Your best bet is to speak with a professional real estate agent, and we’d be more than happy to have a conversation and figure out what works best for you.
If you have any questions, would like more information, or are ready to talk about loan options, feel free to reach out to us. We look forward to hearing from you soon.
