How much money will you need for a down payment and closing costs?
Lenders usually expect you to be able to make a minimum down payment of between 3 and 5 percent of the house's price and to pay closing costs, often three to six percent of the loan amount. However, there are loan programs that will enable you to buy a home with NO down payment and in addition will include all the closing cost into the loan. For conforming loans if you make a down payment of as little as five percent but less than 20 percent, the lender will require you to pay for private mortgage insurance. (Requirements for VA or FHA loans may differ).

What loan options do you offer?
At Villa Mortgage we work with you to find the best loan program for your specific needs.

Choose from:
Conventional Program, FHA Program, RD Program, Home Equity and Non-Conforming

Learn more by visiting our Loan Products page.