1-800-825-4863    contact us | en español | site map
CFC home | about us | investor relations | business partners 
Home PurchaseRefinanceHome EquityToday's RatesCustomer ServiceCountrywide Home Loans
    Rates Costs
 

Down Payment Options
There are many kinds of loans to choose from that feature down payments. Countrywide has:

  • Conventional loans with 5% down payments
  • Zero down-payment loans from government agencies like the Veterans Administration (VA) and Rural Housing Service (RHS)
Obviously, if you can put more money toward a down payment, it will reduce the amount of your monthly home loan payments. At Countrywide, from 5% down to 20% or more down, we have the loan program to fit your needs.

Sources you may draw on to make your down payment include:
  • Savings
  • Stocks and bonds
  • Individual Retirement Accounts (IRAs)
  • Pension funds
  • Real estate holdings
  • Life insurance policies
  • Mutual funds
  • Employee savings plans
  • Through our House America loan programs, part of your down payment may come from a grant from a nonprofit housing provider in your community.
  • You may also rely on a gift of money given to you by a parent or another relative that need not be repaid. If you use gift money for a down payment, you will need to present a letter to your lender stating the amount of the gift, signed by the giver(s) and usually notarized by a third party.
Still wondering how much you should put down?
Or maybe you're wondering what's your best strategy for a down payment? Ask us. Call our toll-free number at the top of the screen or contact your local office. No matter how you choose to communicate with us, an answer is just seconds away.

Note: Restrictions apply to various loan programs. See a Countrywide Loan Expert for complete details.

 BACK TO TOP
 
  Closing Costs
  Down Payment Options
  Closing Costs Breakdown
  Taxes, Insurance and Interest
  Comparing Loans
   
   
Countrywide has a huge selection of loans built to suit specific needs of our customers. Our home loan experts are ready to help you find the loan that’s right for you! Contact us now to get a FREE, no obligation loan consultation:
1-800-825-4863
  Available 7 days/week
  Quick and easy process
  Low, up-to-the-minute rates available by phone
  Ask about our no-closing cost loans
Are you a current
Countrywide Customer?
Yes   No
Purpose of Loan:
 
  Equal Housing Lender Equal Housing Lenders. © 2008 Countrywide Bank, FSB, Countrywide Home Loans Division. Member FDIC. Trade/service marks are the property of Countrywide Financial Corporation, Countrywide Bank, FSB, or their respective affiliates and/or its subsidiaries. Some products may not be available in all states. This is not a commitment to lend. Restrictions apply. All rights reserved. Privacy & Security.