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PRM Provides Low Down Payment Solutions
September 25, 2017 — 2 min read
The Pacific Northwest is one of the hottest housing markets in the country. Did you know that Washington, Oregon, and Idaho are 3 of the top 10 states with the highest rate of "inbound moves" in North America? Meanwhile, the rate of construction for new homes remains incredibly low. Booming growth and stagnate housing inventory lead to sky-rocketing home prices that can quickly price buyers out of the market. The need for a low down payment solution is high.
Buyers need more purchasing power to compete. In some cases, with higher purchase prices, just qualifying for financing can become an insurmountable hurdle for those lacking proper funds. This is why PRM is always expanding our portfolio of low down payment options. We want to ensure our clients obtain financing that makes home ownership accessible, affordable and sustainable.
Our low down payment options include:
- FHA loan program.
- Conventional loans with mortgage insurance.
- VA loans for qualified veterans.
- State bond grants which, when coupled with a FHA or USDA loan, drastically reduce the amount of funds qualified borrowers have to bring to closing.
- Grants from our partner lenders which can cover a portion of the down payment.
- USDA programs, such as the RuraLiving mortgage, for those interested in more rural or small-town living. You can view a map of USDA approved areas Income restrictions apply.
Keywords:
- Conventional loans
- Family
- Fha
- Grants
- Investment properties
- Investment property
- Loans
- Low down payment
- Low down payment loans
- Millennial
- Millennial homebuyer
- Mortgage
- Mortgage bankers
- Mortgage financing
- Pacific residential mortgage
- Private mortgage insurance
- Real estate
- Realtors
- Ruraliving
- Usda home loan
- Usda mortgage
- Va mortgage
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