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Mashtatoes t1_iuefkfq wrote

A pre qualification will verify your assets for a down payment. You can add to your down payment later, but you need enough available to qualify for the mortgage.

If you have nothing saved up today, couod qualify for a mortgage only if you’re eligible for a 0% down mortgage.

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Brilliant-Total-8767 OP t1_iuegr1o wrote

I think USDA loans are the only loans that have 0% down, and that is an option for me based on the area we're looking in, but regardless, I'm going to need money for closing cost and leverage when submitting an offer letter.

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