How much should I save for a down payment?

Published on September 23rd, 2016

Buying a home as newlyweds leads to a lot of questions and uncertainty between you and your loved one. When it comes to saving up for a down payment, the vLoan team wants you to be ahead of the curve so that you can have the smoothest home buying experience ever! Here are some tips on how you can save for your down payment.

Down Payment Rule of Thumb

When looking for the perfect home, just keep in mind that many people think that lenders want 20% down but there are many other loan options out there that will allow you to put less money down.

FHA & Conventional Options

As first time homebuyers, the FHA is a well-known option for low down payments. For more information, click here to learn about how FHA and Conventional loans make homebuying possible for first-time homeowners. Contact one of our mortgage advisors today at 1-844-77-vLoan to see if you qualify for one of these programs.

Let vLoan Do the Hard Work

If you have found a home that that you absolutely love, go ahead and start the process of buying it. Here at vLoan, the Modern Mortgage Company, we want you to have your dream home, so let us help you! We can run you through several different scenarios to see which mortgage loan program is your best fit. Working with a different lender? Our mortgage advisors are willing to give you a second opinion to see if we can get you a better interest rate. If you see a house that you can’t forget about, give us a call at 1-844-77-vLoan and we will help you score that dream home.

Always remember that if the both of you have put together some money for your new home, start looking into your options early. Don’t miss out on buying your dream home.

If you both believe that you have found your home, get the process started early with a free rate quote or contact one of our mortgage advisors today.

Follow us on Facebook or Twitter to keep up to date with our monthly campaign #HappilyEverHomes. We will be sharing more mortgage advice and news to help educate you about the home buying and refinance process. Don’t do mortgages like your parents did. Do it digitally, with vLoan.

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