Down Payment Crisis?

Is there a down payment crisis for home buyers today? Not necessarily.

Although some of the most lenient loan programs have been eliminated, there are still loans available with low down payment requirements. FHA loans require only a 3% down payment and VA loans require no down payment.

The best advice is to talk to a lender. Some lenders are mortgage brokers, meaning they don't keep your loan. They have to sell your loan to someone else, consequently they may not have the same flexibility as a lender who will keep your loan.

Either route can work but don't tell yourself you can't buy a home based on what you're hearing in the press. Talk with a lender.