down payment for houses in the US? | Yahoo Answers – · Best Answer: You need as much down payment so that you can qualify, afford the payments, and feel comfortable. If you can do all of this at 100%, then you don’t need a down payment. Minimum down payment is 0. Only reason people are required a down payment is if they don’t qualify for 100% or don’t feel comfortable with payment.
Here’s what you need to know about how much down payment it takes to buy a home. When you buy a home with a nongovernment-backed mortgage, known as a conventional loan, you’ll typically need to contribute a percentage of the home’s price in the form of a down payment.
· How much of a down payment do I need to buy a rental property? Asked by Brenda Brooks, Roseville, CA Thu Oct 9, 2008. We’re thinking about buying a rental property, but have heard that there are a lot of people buying and then leaving their home to foreclosure, thereby making it.
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Contrary to popular belief, you don’t need 20% down. The minimum down payment you need to buy a home is 3.5% down with an FHA loan on a 30-year fixed-rate mortgage. This 3.5% down payment is a.
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First-Time Buyers: How Much Down Payment Do You Really Need. – Even with no down payment, homebuyers still need some cash to cover closing costs and upfront costs, such as a year’s worth of taxes and insurance. Some loan programs allow buyers to use a contribution from the seller or a gift from family for closing costs and down payments, but others do not.
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What’s the Average Down Payment on a House? A Complete. – · What’s the average down payment on a house? Find out right here.. So, how big of a down payment do you need to buy a home today? It’s an important question to ask, especially if you’re.
When Do VA Loans Require a Down Payment? Zero-down payment is the most popular feature of VA loans. But it’s not always possible. A guide to VA loans and down payments can help you get the most.