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When one is buying a property, here are four things to consider: Down payment Closing costs Pre-paid interest Impounds   1.     Down Payment: 0% Down with VA or USDA 3.5% – FHA 5.0% – Conventional 10% – SBA commercial 20% – Non-owner occupied 25% – Apartments 30% – Commercial 30% – No income documentation needed…

Any person can qualify for a first time home buyer program if they do not own any property at the time of closing the new loan or have not owned any property within the last three years. This is true of all parties on the new loan. There are many first time home buyer program loans.…