10/04/2026
Think you need 20% down to buy a home on the Mississippi Gulf Coast? That myth keeps many first-time buyers from even starting. 🏡
Here are options worth discussing with a licensed lender:
✅ VA: Eligible veterans and military buyers, including those connected to Keesler AFB and NCBC Gulfport, may qualify for 0% down. VA loans typically have no monthly mortgage insurance, though a funding fee may apply.
✅ FHA: Qualified buyers may be eligible for down payments as low as 3.5%. FHA loans include upfront and ongoing mortgage insurance.
✅ USDA: Buyers in qualifying rural areas may have a 0% down option. Upfront and annual guarantee fees may apply.
✅ Conventional: Some programs allow as little as 3% down. Private mortgage insurance may apply and could be removable later, depending on the loan.
Your monthly payment may include principal, interest, property taxes, homeowners insurance, flood insurance, HOA fees, and mortgage insurance or loan fees.
That’s why a savings calculator is only a starting point. A lender can review your income, credit, debts, cash available, property location, eligibility, and current rates. Ask about down payment assistance programs, too. Terms, eligibility, and rates vary, and a licensed lender has the final word.
You don’t need every answer before you begin. Send me a message if you’d like help getting started or connecting with a trusted local lender. No pressure, just a clear first step. 💬
Tricia Garrett | Demoran Realty Group
The Demoran Realty Group
Cell: 228.331.2708
Office: 228.382.0455
Email: [email protected]
Website: triciagarrett.demoranrealtygroup.com
