Transcribed
How Much Is My Down Payment?
How much do I have to put down? Conventional Loan with no MI On a $100,000 home, the down payment will range from $0 to $20,000, depending on your loan product: 20% FHA Loan (FICO <580) Nonconforming Loan (Jumbo) 10% Conventional Loan with MI FHA Loan 5% 5% USDA Loan VA Loan (FICO 580+) 0% 0% 3.5% $0 $3,500 $5,000 $5,000 $10,000 $20,000 Down Payment Requirements By Loan Type Lender4tiA Sources: www.tha.com, www.homegukdes.stgate.com www.urdev.uda.gov.www.benefts.va.gowhomeloans, www.bantofomerica.com
How Much Is My Down Payment?
shared by Lender411.com on Oct 11
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Your down payment on a new home loan is dependent upon the type of loan. Each loan type has a specific requirement as a percentage of the total loan amount. Each loan has specific credit score require...
ments to qualify. Need advice on loans or credit? Ask a mortgage professional http://www.lender411.com/
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