Posted on: 24th Jul, 2009 07:16 am
Trying to determine what would be best for 24 year old Marine returning from Iraq w/ $81K in savings. Will be stationed 3-4 years in Panama City. Wants to purchase his first home but needs to evaluate lease or purchase. He has 0 debt and pre-approved at $250,000. Should he consider leasing? Should he go VA w/ 0 down or make a downpayment?
mstafford
Welcoem to the forum
In this market you will not be able to get any home loan with out makign any down payment. So that answers your questions you cannot go with 0% down.
About to lease and or own that woudl be a personal preference. But if you are looking at the long terms and want to keep the house for 10 or more years it is a good time to buy. Prices seems to eb resonable and alsothe interest rates
Good luck
Welcoem to the forum
In this market you will not be able to get any home loan with out makign any down payment. So that answers your questions you cannot go with 0% down.
About to lease and or own that woudl be a personal preference. But if you are looking at the long terms and want to keep the house for 10 or more years it is a good time to buy. Prices seems to eb resonable and alsothe interest rates
Good luck