For your standard conforming conventional loans (Fannie / Freddie), it depends on what the property is. A single family home can be as little as 15% down, but you get better rates with 20%, and 25%. Multi-family homes (up to 4 units) will require 25% down.
Ideally, you want to put 25% down.. But like Joe said, 15% down for a single family residence.. duplex, 4plex, condo, etc.. will be higher.. Also, with 15% down, you will be paying mortgage insurance.. 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 NMLS# 226347
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