First Time Home Buyer.

[Rashad Paynes]

Hi, I’m a first time home buyer who is looking to take advantage of some of my states first time buyer programs, whether it’s down payment assistance or just a low down payment. I am also looking to make this home a rental property. From what I’ve been told is that I will have to put at least 20% down to beable to purchase a property. And I’ve been told that this is standard for lenders to do to protect themselves in the contract. I am able to comfortably make payments on a new property and still make my rent payments. Are there any instances where lenders have reduced this requirement when feeling more comfortable about the payments being made.