Home Buying in Las Vegas>Question Details

New Casa!, Renter in Las Vegas, NV

What is the lowest downpayment available for a loan?

Asked by New Casa!, Las Vegas, NV Wed Apr 3, 2013

Help the community by answering this question:


David Cooper’s answer
What's your FICO score? There is really no good answer, since interest rates and down pay are based on your credit. I would run your Free Credit Report first, and then asked the question knowing where you stand credit wise

David Cooper Investing in Las Vegas since 1994 702.499.7037
Search FREE 100's of Foreclosures http://www.lasvegaswinner.org
0 votes Thank Flag Link Wed Apr 3, 2013
For first time home buyer that does not qualify for VA financing, FHA offer 3.5% down payment. I work with programs that offer down payment assistance to minimize your out of pocket expenses. Contact me directly and I will be happy to get you information on these free programs.

Mike Kruse
VIP Realty Group
Web Reference: http://lvhomesbymike.com
1 vote Thank Flag Link Wed Apr 3, 2013
0 votes Thank Flag Link Mon Aug 26, 2013
Were you able to get approved? This post was from April so I hope you have found a lender to work with by now. If you have not please don't hesitate to contact me so I can put you in touch with the reputable lenders we work with.


I look forward to hearing from you!

Best Regards,
Robert Adams
The Adams Team at
Rothwell Gornt Companies

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0 votes Thank Flag Link Mon Aug 26, 2013
This is a question that has a simple answer. ZERO.

VA Loan.

Also, there are lenders out there that will originate a loan with zero down payment. Yes, this still does exist. You will pay a premium on the rate, but it is still affordable.

Thank you,

Jeffrey Sklar
Desert Valley Realty
10161 Park Run Drive #150
Las Vegas, NV 89145
702-408-6470 mobile
702-763-SELL (7355) office
888-203-2779 fax
Be sure to tune into 720AM every Saturday at 6pm to hear me host "The Real Estate Show!"
0 votes Thank Flag Link Sun Aug 25, 2013
A VA loan has no down payment requirement.

Chad Roberts
Realty One Group
0 votes Thank Flag Link Mon Jun 10, 2013
Your down pay and interest rate are related on your credit score, and your verifyable income

David Cooper Investing in Las Vegas since 1994
FREE REO Foreclosure List http://www.lasvegaswinner.org
0 votes Thank Flag Link Fri May 31, 2013
1. There is 0% for Veterans (VA)

2. There is 3% down for Fannie Mae (Homepath)

3. There are 3% conventional loans with PMI

4. Of course there is FHA with 3.5% (will go going up to 5% soon)

5. If you belong to a Union, most have downpayment assistance programs. It is not free money. But they lend you the downpayment payable over 10, 20 or 30 years. For every $1,000 you borrow, you only pay back about $10 a month. If you borrow $5,000 then you pay $50 a month.
0 votes Thank Flag Link Fri May 31, 2013
The lowest rate you can get is 3.5% FHA loan. Of course you have to qualify for this or any loan. There are a lot of factors that have to be considered in the loan qualifying process. Contact three or four lenders and compare their programs before you make a decision.
0 votes Thank Flag Link Mon Apr 8, 2013
It asl depends on your credit. Some people only can qualify for 20% down; others qualify for 3.5% down. Steill others 10% down. It is entirely based on your credit and scores.
0 votes Thank Flag Link Wed Apr 3, 2013
It depends on the property and type of loan. This is something you should discuss with your lender. Do you have a lender you are working with? If you need one, email me directly and I will send you the contact info to the lenders we work with.

Best Regards,
Robert Adams
The Adams Team at
Rothwell Gornt Companies
0 votes Thank Flag Link Wed Apr 3, 2013
Hi New Casa (love the name)

The lowest down payment is -0- ...ZERO
There is a rural program that pays up to 4% Down Payment assistance locations for eligible
Las Vegas Valley township!

it includes:
Summerlin South, Enterprise, Mountain Edge, Southern Highland, Blue Diamond corridor , Winchester, East Las Vegas, Boulder City, parts of Silverado Ranch, Whitney, Pahrump, Laughlin and more.

I am just helped a family to purchase a house using the down payment assistance and seller is paying closing costs for buyer,

I would love to help you be a home buyer . Please contact me at 702-612-7099 to receive the map of the covered areas. For more information or email me at cvegashomes@gmail.com

Meanwhile, you can visit my website to search for all the homes for sale in Las vegas at http;//www.cvegashomes.com

Rena Levy
Certified International property Specialist
702-612-7099 Direct
Realty Executives of Nevada
Web Reference: http://www.cvegashomes.com
0 votes Thank Flag Link Wed Apr 3, 2013
Depends on some variable - best financing resources in Vegas - contact me here for a specific answer: http://robflitton.com/buy-a-las-vegas-home/get-financing/
0 votes Thank Flag Link Wed Apr 3, 2013
Let's make things simple for you.
VA Loans - 0 Down
FHA - 3.5%
We've helped hundreds of buyers/investors since 1985. We can help you with every detail from start to finish and protect your interest to get you the best deal. Please call any time.

Matt and Kim - 501-0973
0 votes Thank Flag Link Wed Apr 3, 2013
There are several different loan types: VA, FHA, and Conventional. There are some loan programs (VA and FHA) that do not require you to put any money toward a down payment, however with this scenario and FHA loans you are ultimately paying in the form of a higher interest rate (higher monthly payment). With traditional FHA loans your lowest down payment will be 3.5% and the lowest for Conventional financing is 5%. If you are buying a second home or an investment property, these scenarios are not offered and you will need to put down between 10-20% down (depending on if you can get Homepath financing or need to go Conventional).
As you can tell, the topic of loans is very convoluted and there are a lot of variables. I recommend talking to a lender about your financial situation, your goals, etc. to figure out the best solution for you. I would recommend Geneva Financial: 702-309-9600 (ask for Justin Pierce).

Let me know if I can be of further assistance.

0 votes Thank Flag Link Wed Apr 3, 2013
Hey New Casa

USDA is zero down, VA zero down and many states officer assistance and grants to help with the down payment required by FHA and conventional loans.
Suggestion for you; gather up all the information you can and than find yourself an experienced ethincal loan officer who works for a lender that offers all of the loan types.
You will find an artilce on no money down loans at Your-Road-Home.com and an artilce, Consultation Interviewing Loan Officers. Also be sure to read about the MCC tax credit.You will also find a link to your states grants and assistance.
After you have gathered all of your information you will find loan officers and real estate agents in your area on Trulia offering their services. A very good source.
Best of Luck, Stephen
0 votes Thank Flag Link Wed Apr 3, 2013
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