completely new to this - how much should i expect to put down?

Depending on the specifics, your best choice might be FHA, or it might be conventional. For FHA you are required to put down 3.5% and for conventional, with good enough credit, you are best off with 5% down (or more). So it sounds as if you are ok. Make sure that you deal with an experienced lender that will lay out the options you have as well as the pros and cons of each. I'm happy to help with the financing or just give you advice. If you need more information, or a competing rate quote call, email or use my live support button to discuss or get in touch with me. Web Address for live chat or quote is: http://www.loansfromrob.com/quote/ Email is robertlh66@verizon.net and direct phone is 240-752-7549. Good Luck -- Rob Hanson

Hello Sir, We are located in Boulder, Colorado. Buying a property for 100k with 5k down is quite possible, finding a property in Boulder for that price might prove difficult. Give me a call to discuss as I am quite familiar with the area. Direct: 303-578-9202 www.coloradolenders.comBest, Robert

FHA requires 3.5%, conventinaol requires 5% or more.. if you have saved up $5K, then I suggest you go conventniaol.. the mortgage insurance is much less expensive and can be dropped once you obtain 20% equity.. not the same with FHA.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

The $5k down on the property will work for both FHA and Conventional loans if you keep your purchase price at $100,000. FannieMae and FreddieMac both require a 5% downpayment while FHA requires 3.5%. If you are a veteran you can get a VA loan with 0% as a downpayment. I guess my question is, do you have additional funds to cover the closing costs? Depending on whether you do or not have additional funds will determine your interest rate. Feel free to give me a call at 602-312-2192 or email me at tomw@professionalmtge.com. I am licensed to do loans in Colorado and have been in the mortgage business for 29 years, with 18 years in the Boulder area. I look forward to hearing from you. Tom Winberry (NMLS#224054)

AnFHA loan with 3.5% down may be your best choice. And be sure to ask the seller to pay all allowable closing cost, too.

Everything sounds ok, but would need entire credit profile to be sure. The 5% down would allow you to use either a conventional or FHA loan.