I need a big down payment to qualify. Right?
Maybe you’ve heard qualifying for a mortgage requires as much as a 20% down payment. You should know M&T Bank offers many mortgage options with requirements as low as 3% or no down payment at all to qualifying buyers! Some programs also allow your down payment to be a gift from a relative, and others even let you borrow the money with a loan from your 401k account. So if your bank account isn’t bursting at the seams, no worries. we’ve got options for almost any budget.