Course 2 – Unit 4: Down Payment

DOWN PAYMENT

Down payments on a home can range from zero to twenty percent or more, depending on the buyers situation. For buyers wishing to make the smallest downpayment possible, the VA Loan via the Department of Veterans Affairs and the USDA Loan via the U.S. Department of Agriculture both offer no down payment loans. Fannie Mae and Freddie Mac offer a Conventional 97% Loan to Value program, wiht 3% down, but there are other Conventional Loan products available with down payments as low as 1% down. Enroll in the Turbo University Course 14, 1% down; to get full details. Each of these programs have unique eligibility requirements.  For most home buyers, the minimum down payment required is either 3 percent via Fannie Mae and Freddie Mac, or 3.5 percent, available with a standard FHA loan.

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Turbo Mortgage

Turbo Mortgage LLC is a mortgage broker, performing licensed loan origination services in Texas.

Sam Trantham- President/ Broker of Record
NMLS license number: 1752863

Turbo Mortgage LLC
1202 Lakeway Drive, Suite 5B
Lakeway, Texas 78734

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