Down Payment for Conventional Loans

🎯 How Much Down Payment Do You Need for a Conventional Loan?

Thinking about buying a home with a conventional loan?
Alex Carlucci from Gustan Cho Associates breaks it down for you! In this quick video, Alex explains:

✅ What the minimum down payment is for conventional loans
✅ Who qualifies for the 3% down payment program
✅ How PMI (Private Mortgage Insurance) works — and how to avoid it
✅ Why putting 5%, 10%, or 20% down changes your monthly payment
✅ Smart tips to choose the best down payment option for your situation

Key takeaway: If you haven't owned a home in the past 3 years, you might only need 3% down — but there are important things to consider about PMI and monthly costs! 💡

Have questions? Ready to explore your options? 📞
Call Alex Carlucci today at 630-915-7550!
👉 We're here to help you get approved and into your dream home faster!

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