20% Down Payments are Old News!
Dear clients and friends,
Navigating the intricacies of home-buying can be daunting, especially when confronted with the 20% down payment norm. However, in Cincinnati, there are alternative pathways to consider.
The Problem: A sizeable down payment can be a significant barrier to homeownership. The solution? Exploring options that don’t demand such hefty upfront costs.
The Viable Solutions:
- FHA Loan Program: This is a well-established option suitable for first-time buyers and those still refining their credit scores. It requires a mere 3.5% down and is available to those with credit scores as low as 580.
- USDA and VA Loans: These options stand out for requiring zero down payment. USDA Loans target purchases in qualified rural areas, many of which, interestingly, encompass the suburbs of Cincinnati. The VA Loans, on the other hand, are reserved for our veterans — a commendable initiative for those who’ve served.
- TCG Home Loans’ 1% Down Payment Option: Exclusive to The Chabris Group clients, this option facilitated by TCG Home Loans allows for a minimal down payment, providing flexibility in financial planning.
Cincinnati offers potential homeowners pathways that don’t necessitate large down payments. These options make homeownership more accessible and allow for more strategic financial planning.
For further inquiries or clarification, do not hesitate to reach out — whether via call, text, or email. As always, our commitment is to provide you with informed guidance throughout your home-buying journey.