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The Little-known Mortgage That Doesn’t Require a Down Payment

A conventional mortgage loan requires a 20% down payment. If you are a first-time homebuyer however, saving up tens of thousands of dollars can seem like an impossible task. Of course, there are loan programs, like FHA mortgages, that allow for low down payments, but they often have stricter requirements. For some of those programs, you may have to pay higher interest rates, have better credit scores, or pay higher mortgage insurance fees.  Fortunately, there is a little-known mortgage loan that requires no down payment and minimal fees: the USDA loan. USDA Loan Defined These are mo...

September 9th, 2020 | Government Loans, USDA Loans, The Little-known Mortgage That Doesn’t Require a Down Payment

Millennial Mortgage
(NMLS# 1211572)

5505 W Chandler Blvd # 3, Chandler, Arizona 85226
Phone: 480-426-1636 | Toll Free: 800-402-8884
Fax: 855-883-1938

Proudly serving Arizona, California and Washington.

Millennial Mortgage, Inc. is licensed by the Arizona Department of Financial Institutions (License AZ BK-1007770), the California Department of Business Oversight (License #60DBO59183), Washington Department of Financial Institutions (License WA 1211572), and the Florida Financial Services Commission Office of Financial Regulation (License MLD1859).

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