The 20% MYTH!

Posted on January 10, 2020

Have you mentioned to anyone that you’re thinking about buying a home? Be prepared to get advice and tips from everyone!

The only bad thing about all this free help is all the misinformation and myths that get spread around about buying a house. For example, one of the MYTHS I hear all the time is that you HAVE TO HAVE 20% down in order to purchase a home!

For a long time it was REQUIRED that you have 20% down in order to purchase a home. However, this made homeownership so inaccessible to many people that Mortgage Insurance was created, allowing individuals to purchase a home even with less than 20% down!

The variety of loan programs available today makes homeownership more accessible with MULTIPLE down payment options.

➡️ The average down payment is just 5 – 7%

➡️ Many loan programs only require 3 – 5%

➡️ Government programs will allow 0% DOWN

While many options are available, the only way to know what specific down payment options are available to YOU is to talk to a lender who can take a look at your unique situation.

To learn more about down payments CLICK HERE!

If you’d like to learn more about the specific down payment options available to you CLICK HERE!

Justice Roberts Loan Officer

Justice Roberts

Branch Manager
NMLS# 1269831
206-408-1241
Email Me
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Over the last ten years my family and I have struggled moving from one place to another never staying long anywhere. It was a nightmare changing schools, forwarding mail, packing. Team Justice helped us get the home we've always wanted they helped us put down roots. We are happy to have worked and continue to work with them they go above and beyond. Even helping us refinance. Made buying a home enjoyable.

Viola H.

Justice did a great job with me. Actually better then great. I consider him my life long mortgae man. I highly recommend him and his team. They went above and beyond what they had to do and closed my loan so smoothly and seamlessly and in a very fast time.

Mark D. | Tacoma, WA

The timing of needs and the communication was the best I've ever experienced..bar none! The ease in which documents were submitted and signing of others is phenomenal. I would highly recommend them to anyone I meet..but only if you want exceptional service.

Joseph W. | Tacoma, WA

Justice and his team were an integral part of our home buying process. They made it so easy and explained everything in great detail what we needed to purchase our first home. I would highly recommend this team to anyone. So personable and answered all my questions on the spot with accurate information. Thank you so much!!

Dominique B.

Justice and Jessie where absolutely great to work with, very professional, timely, and on it, I will always do my home lending with them. They made sure to check in with us at least once a week through out the process that lasted over 4 months, not once did I feel like they got tired of working with us or anything. They always have such a great attitude and always wanting to help!

Wascar Carpio

It’s been a pleasure to work with Justice and his team. If you are wanting constant communication through your loan process, immediate response to your questions via email or text, professionalism, and someone to trust as you make a big decision such as buying a home, look no further than Justice and his team. You all have been wonderful to work, thank you again!!

Maria S. | Edmonds, WA

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Note: “Loan approval and rate is dependent upon applicant’s credit, collateral, financial history and program availability at time of origination. Rates and terms are subject to change without notice. This is not a loan commitment or guarantee of any kind. 1265 Corona Pointe Court, Suite 301, Corona, CA 92879. ©2019 Paramount Residential Mortgage Group, Inc. (NMLS ID 75243) has the following Licenses: CA Department of Business Oversight, Residential Mortgage Lending Act License#4131268 and Finance Lenders Law License #603D903, AZ Mortgage Banker License #910387, Georgia Residential Mortgage Licensee #32807, IL Residential Mortgage Licensee #MB.6760962, Kansas-Licensed Mortgage Company, #MC.0025196, MA Mortgage Lender License #ML75243, ME Supervised Lender License #SLM12384, MS Department of Bank and Consumer Finance, NV Mortgage Broker License#3693, License by the NH Banking Department 17393-MB, License by the NJ Banking Department and Insurance, OH Mortgage Broker Act Certificate #MB.804171.000, OR Lending License #ML -4437 Dept. of Banking in the Common Wealth of PA#37894, RI Licensed Lender #20112799LL, and is also approved to lend in: AL, AK, AR, CT, DE, DC, FL, HI, ID, IA, KY, LA, MD, MI, MN, MO, MT, NE, NM, NC, ND, OK, OR, SC, SD, TN, TX, UT, VA, VT, WA, WV, WI. Governed by the CO Department of Real Estate.www.nmlsconsumeraccess.org (12/17/19).” Powered By Loan Officer X.

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