Kilberfaeri,

You can get away with 3.5% down with FHA and with the $8000 tax credit you may be able to put down less. Are you looking for a single family residence, townhouse or condo?

Let me knwo if I can be of assistance. With rates back into the 4`s this is a great time to lock in!

Ryan Brandenburger
954-394-9005

There are many options of down payment starting at 3.5% and up. There are many factors that come into play like loan amount, citizenship, income, assets, type of property etc. You should get with a licensed mortgage professional and go over the current loan programs avail to you.

Melissa Antenucci
Ameritrust Mortgage
561-417-9221

You should concentrate on 20% down payment if at all possible - that will save you some money on mortgage insurance however, you could get a loan for about 15% without a problem.

Javier Olmedo, ABR, GRI http://www.floridarealtyofmiami.com
786-395-6986

10% down will get you a conventional loan with Mortgage Insurance on a single-family home. However, on a condo, you would need 20% down. However, if you go FHA , you will only need 3.5% down but there a limitations to the loan amount. What is your approx purchase price?

Luke Allison
Bank of America Home Loans
828-777-8828
luke.allison@bankofamerica.com