New Home buying in Virginia Beach – Down payment needed?
By Tom Chambers
Has buying a new home built with New construction in Virginia Beach been a recent thought on your mind.. if so come along and let Tom Chambers of Keffer Realty talk to you about the details and the step by step procedure that can make you a New construction home owner in no time flat.
Tom can show you how you can purchase a new construction home in Virginia Beach in many cases with a down payment less than 4 per cent. In some cases even lower… especially if you are a veteran and qualify for the zero money down home. More on that later as it is a special program and you must be a veteran to qualify for that program.
Think you need a 20 percent down payment to buy a home? Think again.
You may have heard that down payments for home owners can run as high as 20 per cent down. Nothing could be further from the truth.. only those with the very worst credit or investors will need to plunk 20% down. It is unlikely that Tom Chambers will not be able to get you a much lower rate.. just hang on.
In many cases Tom has been able to get a first time home owner a house for 3 to 4 per cent and in some cases no money down at all.. That would be great huh?
During the 2008 financial crisis many folks lost thier home due to the common foreclosure and at that point it was difficult to buy another home with less than 20% down… however those days are behind us now and the downpayments required have been reduced… allowing many new home buyers to get in the market.
It is currently possilbe get the low downpayment like 3 to 4% for not only resale homes but also new construction homes. Many thought that the low down payment did not apply to the new construction and only applied to resale homes.
The only way to know for sure what you may qualify for is to come into the office at Keffer Realty and talk to one of our expert realtors… specifically Tom Chambers.