Asked by brenda  |  Submitted September 22, 2015

Is $3,000 enough of a down payment for a retirement home?

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  Answers  |  1

September 23, 2015

It might be - There are great low and no money down mortgage options. But that answer depends a great deal on other factors like where you're looking to buy, your income, credit etc.

I'd look towards USDA's Rural Development first. That's a GREAT no money down mortgage that if you set up correctly, can put you in a house for very little money out of pocket.

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