Info On Down Payments for Torrance Home Buyers

One of the big misconceptions with home buyers, especially first time home buyers, is that you need at least 20% down.  That’s often not the case with lenders offering FHA loans with as little as 3.5% down and traditional lenders funding loans with as little at 5%.  The lower amount is much easier if it’s a single family home but there are options:

Down payment options