Relocate to Wisconsin : Do I need a Down Payment to Buy a House ?

Do I need a Down Payment to Buy a House ?

  Having been real estate agents a very long time andPurple envelope part of our continued marketing efforts include our monthly purple envelopes with different targeted messages to different groups in our data base...mmmm how we love the results and the people who are in the varying data bases as a sort of "Make new friends but keep the old" sort of marketing mantra.

    We now get first time buyers that may be  second or third generation from our original sphere...OR friends thereof....consistency in marketing is an invaluable tool. 

        Our first time buyers are often newlyweds...or recent graduates...they come from friends, our sphere of former Sellers and our data base of professionals with new employees....never overlook a marketing opportunity !

   Sky rocket   With sky rocketing rents....many first time buyers find it difficult to save much or any money for a down payment.   Does that mean that never if  programs that can be used to make that first time home purchase a reality.   

      As experienced real estate agents we seek out a number of lenders who can offer different programs to people with various needs.  The lenders we choose are experienced with these programs and can work with a variety of situations for potential buyers.

       - VA Loans - No down payment; credit score minimum

       - USDA - No down payment; location specific, credit score Platinum Professional Logo

       - "Platinum Professional Loan and Real Estate program" - Program of our own 

design - no down payment - bonus  benefits - PURCHASES up to $650,000 !!!!

        - State or other programs that may fit the Buyer's Profile

              Soooo,...the answer for Buyers in a variety of situations and locations to the FAQ ...Do I need a Down Payment to buy a house ? is...MAYBE NOT !

In southeastern Wisconsin call the Hansons and we will help you figure out with our lending partners which loan works best for your individual No Down Paymentsituation.  Real estate is NEVER a "one size fits all" kind of varies by Buyer, Seller, location, situation....and we are here to help ALL kinds of people in Selling and Buying Situations.

       This is a Public Service Real Estate post brought to you courtesy of Sally K. & David L. Hanson, Broker Associates with Keller Williams.  For all things real estate Call 414 525 0563, we are honored to be of service.




Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS

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Comment balloon 11 commentsSally K. & David L. Hanson • June 17 2017 01:18PM


Anyone thinking of buying a home in your area should call you 

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) about 1 year ago

HI Sally and David... no downpayment needed for VA loans, USDA, and others... but buyers shouldn't forget about the need for closing costs.

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (RE/MAX Executive | Charlotte, NC) about 1 year ago

Good morning, Sally and David -- it's good to know the different financing options available for buyers so they can be referred to the right lender match.  I have never been involved with a USDA loan whether representing a buyer or seller.  

Posted by Michael Jacobs, Los Angeles Pasadena Area Real Estate 818.516.4393 (Coldwell Banker Residential Brokerage) about 1 year ago

Great title ! I am sure you will get a ton of clicks/comments on this!

Posted by Kristin Johnston - REALTOR®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) about 1 year ago

The Hanson's are the Realtors to call in southeastern Wisconsin, and can answer all of your questions and concerns!

Posted by Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Condo & Home Sale Specialists (The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803) about 1 year ago

It is a great idea to have some money down but may not needed

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) about 1 year ago

I thought the purpose of the downpayment was to put some skin in the game.  Is the taxpayer (when I say that I mean me) backing all this "free" money? 

Posted by Jay Markanich, Home Inspector - servicing all Northern Virginia (Jay Markanich Real Estate Inspections, LLC) about 1 year ago

Sally and David- you two truly are the agents I would turn to if I were buying or selling or if I knew of someone who was buying or selling in your area.

Posted by Kathy Streib, Home Stager - Palm Beach County,FL -561-914-6224 (Room Service Home Staging) about 1 year ago

Sally and David as you well pointed out there are still loan programs that do not require a down payment if the Borrower qualifies for them.  A knowledgeable Loan Originator will point them in the right direction.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) about 1 year ago

Sally and David - you are the go to resource for those looking to buy with little or nothing down.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) 12 months ago

I am glad there are programs for those just getting started on their journeys. We have many programs that they can use too.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) 12 months ago