Getting Into A Mortgage In Illinois With No Money Down

Getting Into A Mortgage In Illinois With No Money Down. My Slideshow - 5% Down Residential Mortgage from a PRIVATE EQUITY GROUPCREDIT IS NOT A FACTOR!

Getting Into A Mortgage In Illinois With No Money Down video duration 5 Minute(s) 24 Second(s), published by Gustan Cho Associates on 31 07 2019 - 17:25:54.

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Illinois Home Purchase Down Payment Requirements * All home purchase transactions require down payment and closing costs
The amount of down Check out the infographic, watch the video, completely disagree more with what Zillow is trying to say and advise, "Don't believe the hype" .

http://www.the5downJumbo.com Low downpayment jumbo mortgages have arrived in 2019
There are options with as little as 5% down up to $2 million and http://guaranteedrate.com/BillRayman Phone: 424.354.5325 bill.rayman@guaranteedrate.com NMLS ID # 262951 Bill Rayman, Vice President of Mortgage I created this video with the YouTube Slideshow Creator (http://www.youtube.com/upload)

1. Illinois Home Purchase Down Payment Requirements

* All home purchase transactions require down payment and closing costs. The amount of down payment required depends on the type of loan program.
Here are the down payment requirements:
* Every loan program has its own down payment requirements:

- FHA requires 3.5% down payment
- Fannie Mae and Freddie Mac require 3% to 5% down payment for conventional loans
- VA Loans and USDA Loans do not require any down payment on home purchases
- Gustan Cho Associates offers Jumbo mortgages with 5% down payment
- Most Jumbo Lenders require 20% down payment
- Non-QM Loans require 10% to 20% down payment
- Investment homes require 20% down payment
- Second homes require 10% down payment
- Condotel Lenders require 25% down payment
- Hard Money Lenders require 20% plus down payment
- Flip and Flip and rehab loans require 15% on the property purchase and 10% down payment on the rehab cost

Read more https://gustancho.com/illinois-home-purchase