50 Important Things To Do Before Buying A House

13. Consider Your Mortgage Options

If you don’t qualify for a mortgage with a bank, consider applying to government-backed programs like the FHA Home Loan Program, a Veteran’s Loan, or a USDA Loan. All of these options require a lower credit score, down payment, and offer lower interest rates. However, they are usually only available to people with lower income, veterans, or first-time home buyers. Many of these loans only require a 4% down payment instead of 20%, and they may even waive the closing costs.