Where can I get a down payment ? What about VHDA ?

Kevin Warren Company: McLean Mortgage Corporation E-mail: Contact Kevin Warren (McLean Mortgage Corporation) Website: http://www.kcwarren.net Cell Phone: (757) 237-4920 About Us:  As a Senior Loan Officer at Mclean Mortgage Corporation, my main priority is providing personalized, friendly, customer service to my customers. I carefully select the best loan options to present each client from an inventory of more than 300 home loan products. I will find you the best loan program for your family's needs now and in the coming future. I am proud to be a loan officer for MClean Lending Corporation, and I look forward to fulfilling your home financing needs. I want to be your personal mortgage consultant for life. Home Loan Down Payments When obtaining a home loan or mortgage, most loans require a down payment- FHA requires 3.5% down VHDA is a state program that allows you to finance the 3.5% down payment for FHA loans VA loans (military members) have a $0 down payment requirement Conventional loans usually requires 20% down Investment property loans require 20% at least down Sources for down payments: Checking/Savings account 401k loans Vehicle equity loans Other property equity loans (jewelry, art, etc.) ***Not allowed from unsecured funds- credit cards, unsecured/signature loans Gifts from Churches / Non-profit organizations / Employers Gifts or loans from family members Interest Abatement Features: If a Seller is willing to give maximun Closing Cost Assistance, it should cover all closing costs and pay the first 6 months of interest on the mortgage payment. This allows you to build your savings back up, or repay car, 401k, or family loans.