Posts Tagged ‘Down payment’

5 Numbers You Need to Know When Buying a Home

Thursday, February 11th, 2016

There are so many things to consider when buying a new home, from house features to location, that it’s easy to overlook what’s really important. However, remember that buying a home is more than just picking out floor plans and backyard space — it’s a financial investment. Plan for a home you can afford by…Read More »

MyPad Down Payment Assistance

Saturday, January 25th, 2014

The City of Sioux City is offering MyPad – a down payment assistance program.  This program provides for a minimum of $1,000 and a maximum of $14,999 in down payment/closing cost assistance to home purchasers whose family incomes are between 50 percent and 80 percent of the median income for Sioux City, Iowa.  Amount of…Read More »

PMI | Private Mortgage Insurance

Wednesday, August 1st, 2012

Private mortgage insurance, or PMI, insures the lender against a default. It is required when the borrower is making a cash down payment of less than 20 percent of the purchase price. PMI costs vary from one mortgage insurance firm to another, but premiums usually run about 0.50 percent of the loan amount for the…Read More »

Home Buyers Tip | Veterans

Thursday, July 19th, 2012

U.S. military veterans that are buying a home can usually qualify for some very favorable programs through the VA.  No down payment mortgages are available to those that qualify as are those that do not require private mortgage insurance (PMI).  Buyers that are veterans should contact their local VA office for more details and qualification…Read More »