Myths that may be keeping you from purchasing a home.

 

Myth 1.

I need to have 20% to put down on a home

This is not true! There are programs in South Dakota that do not require any down payment. Many great programs for home buyers eliminate the requirement for a down payment. You may qualify for a grant or programs you have never heard of which is a prime reason to reach out to a professional! 

 

Myth 2. 

I need a 780 credit score or higher

Again False! For South Dakota backed Loans you need to be at a 620 or higher but there are other programs out there that can assist below 600. The best way to know if you qualify for a mortgage is to reach out to a trusted mortgage lender and find out what you qualify for! Where do you fall?