I agreed with everybody, that is a question for your lender, however just to give you an rough estimate. If you have a FHA loan you need to bring 3.5% from offering price, if conventional 15% to 20%. If I can served you in any way please don't hesitate in give me a call.
best of lucks
Ruth E Feast
This is usually a question for your lender depending on your financial situations. However the answer would be dependent on the type of financing you chose and qualify for. If you go FHA you typically put down 3.5% or in this case on a home that cost $129,000 $4,515 down payment and then there are closing cost. Approx $6,000 to $10,000. In some cases you can get the bank to pay 3% of your closing cost or $3,870 against the amount charged for closing. however the banks have been tightening up on closing cost because there has been so many cash buyers they are getting harder to help first time home buyers. If you are going conventional you can put down anywhere from 5 to 10 to 20% down. You can use this formula to determine your cost on any home. Also if you are a Veteran you can still get in for no money down. Bad news here is most banks don't accept your offer.