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What is the minimum amount as down payment on a home that cost 130,000.

(0) | asked by: Mazue Gibson | share | 5 months ago | Report
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answer by Jeff Derp   |   Visit My Website   |   Contact Me
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If you're a Vet you can get a VA loan with 0 money down. 100% financing. If you're not a Vet you can get in for as little as 3.5% down payment with an FHA loan.
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3 months ago  |   Report   |   share
answer by Thomas Scopio   |   Contact Me
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Hello Mazue, 100% financing is now avaialable with rates below 4%.Out of pocket expense can be offset by 3% seller assistance. contact me to discuss this exciting new program Thanks Tom
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4 months ago  |   Report   |   share
answer by Houston   |   Visit My Website   |   Contact Me
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Generally it 3.5% or $4550 for a $130k purchase. If you qualify for low income and the home falls in a rural area approved by USDA or if you are a Vet, you can qualify for 100% financing. Let me know if you'd like to learn more.
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4 months ago  |   Report   |   share
answer by Frank Rivera   |   Visit My Website   |   Contact Me
answered questions: 41
3.5% would be the minimum down payment
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answer by Houston   |   Visit My Website   |   Contact Me
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Hi Mazue, happy new year. We offer several 100% financing programs; are you a first time home buyer? Several factors determain which program is best for you. Please contact me to discuss further.
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answer by Loan Expert   |   Visit My Website   |   Contact Me
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Hello Mazue, There are a couple of loan programs that offer 100% financing. If you would like to discuss this further please click on "Contact Me" and I will be happy to help you.
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answer by David Polk   |   Visit My Website   |   Contact Me
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If you qualify for a VA loan, it is possible to get by with $0 downpayment. Otherwise, you must pay atleast 3.5% down. That is $4,550. Keep in mine that your credit score also plays a part in determining the dwnpmnt.
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Mazue Gibson
answer by Mazue Gibson   |   answered questions: 1
What if i do not have a down payment on a 90,000 home.CAn we accepted with with very good credit.
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answer by Cindy Smith   |   Visit My Website   |   Contact Me
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Some homes can be financed at 100% but most require 3.5%. If we use this for the 130,000 home you would need $4,550 down. Then you will have some closing costs but you can ask the seller to pay most or all of them.
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