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Also I have found a home that went into foreclosure asking price 80,000 what would be the percentage of the down payment?

by kimjohnson719866 from , Virginia. Apr 5th 2014 Reply


Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

If you qualify for FHA 3.5% down payment, VA as little as 0% down payment. If you go conventional 5% is minimum down payment.

Apr 6th 2014
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Simon Nwoke (SimonNwoke)
#70 ranked lender in Georgia - 37 contributions

FHA requires 3.50% down, VA is zero down, and conventional is 5% down.

Apr 6th 2014
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Jason Vondrak (jvondrak)
#220 ranked lender in California - 1,741 contributions

It depends on the loan program. If you qualify for a VA loan, you can purchase a home with no money down. If you use an FHA loan. you can purchase with as little as 3.5 percent down. And if you use a conventional loan, you can purchase with as little as 5 percent down.

Apr 7th 2014
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