What is the minimum down payment I can make on a home?
There is generally no minimum down payment required for buying a home. Many first-time buyers believe they need as much as 20% of a home’s purchase price in cash. That may have been true in the past, but now mortgage loans are available with as little as 3% down. With housing prices as high as they are, homeownership would be impossible for many people without low down payment options. United Home Loans has a number of loan options that can help you buy a home with little cash. Call us if you need help determining what loan is best for you.