Down Payment Required – But Not Always

You will need to come up with some sort of down payment to buy a home unless you decide to buy a home located in a rural area with a USDA loan or with a VA Loan if you are eligible. All of other mortgage programs require at least 3.5% down payment in order to qualify.

Now there is a silver lining to this cloud of needing 3.5% of a home’s sales price to buy it if you live in the following states: AZ, CA, CO, CT, FL, GA, HI, MD, NE, NM, OR, TN, TX, UT, and WA.