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How much down payment would I need to get this with a conventional loan for 3854 Town Square Blvd.?
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With a conventional mortgage you are generally going to need a minimum of 5% down. Although, at 5% down the qualification is going to be more rigourous and you will need to be approved for mortgage insurance this eases up a bit at 20% down when the requirement for mortgage insurance goes away.
Collette:
A typical conventional loan calls for 20% down. But know depending on your circumstances you may qualify for 0% conventional mortgage and/or anything in between. Also, there are FHA loans with 3.5%. If you offered full price on the property at 3854 Town Square Blvd., a typical conventional loan would require $13,814 plus depending on the negiotated contract you could need closing costs as well...Feel free to reach out and would be happy to answer questions or concerns you might have. Have a Merry Christmas...Joyce
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