How much money do I need for a down payment?

Your down payment will be based on the cost of the hme and most likely one of the following popular loan programs...

1. Conventional financing : For conventional finanincing, you need a minimum of 5% up to a maximum of 20% down.
2. FHA Financing : You will need a minimum of 3.5% down.
3. USDA Financing : You may not need a down payment
4. VA Financing : You also may not need a down payment.

Here are a few more things to know if you go with conventional financing. IF you put less than 20% down, you may nbe resoonbilble for paying private mortagage insurance. Also, the lwower your down payment on a home, usually the higher your interest rate and monthly payment. Mortgage lenders tend to offer better terms to those with a high credit scrore, a highter down payment, and a stable employment history.

Learn more about down pyamens by asking for my Free Cosumner Report called " 4 Quick Ways To Buy A Home With Little Down". I'll send a copy right over to you.

Do you have a real estate question you want answered? Feel free to call me at 909-294-6799.

Thank you and I look forward to talking to you soon,
Seth