Did you know you don’t need to have 20% down to purchase a house? If you didn’t, don’t worry- most people believe this misconception. A Mortgage Lender’s goal is to help people achieve their life goals while educating about home buying myths. Here’s a memorable experience Stephany Price had:

Will and Anthea are a newlywed couple- he’s a firefight and she’s a teacher. They were excited by the notion of buying their first home. However, they had spent most of their savings on their dream wedding, so that idea of coming up with a 20% down payment seemed impossible.

I informed them that as first-time homebuyers, they only needed to put down 3% with a conventional loan, and they were ecstatic to learn that they didn’t need 20% down like many people believe. There are numerous programs available to assist homebuyers in achieving their dream homes. With my guidance, they obtained pre-qualification and quickly found their forever home.

The enthusiasm Will and Anthea showed during the loan process is what makes being a Mortgage Lender so fulfilling. Although it’s been a while since they bought their home, they still send me photos of their home improvements and renovations, which I cherish. – Stephany Price, MLO

Educating buyers about down payment options is just one example of how our mortgage lenders can be an asset to our customers. Contact TRB Mortgage if you, or a customer, have questions about the mortgage process.