Requirement for low down payment loan

Sam

Points considered before you qualify for low down payment loan:

Income: The borrower should have sufficient monthly income so that he can make monthly mortgage payments in time.
Cash Balance: Should have enough cash to cover the down payment and closing costs.
Good Credit Report: Credit report shows "Good" remark that indicates a borrower's payment history or creditworthiness
Appraisal Value: Appraised value of the house should be almost equal to the sale price.