Hi Bianca,

First of all, that is a great question. All agents that responded have truth to their answers. I especially agree with being competitive and looking good financially to the seller by placing that higher down payment of 20% versus a lower percentage. Of course, considering what your can afford comfortably depending on your finances. This is where, you need a great loan offer behind you. As well as local realtor that knows the area of the Rancho Cucamonga and/or the Inland Empire well like myself. Please contact me anytime with any questions you may have. I would love to help in your real estate needs.

Best Regards,

Julia Duran, Realtor
Dir.#(626) 221-9899
PRUDENTIAL CALIFORNIA REALTY

Hi Bianca, technically, the answers below are all correct; however, depending on the purchase price you are looking at and the market you are looking in, the lower the down payment the less competitive your offer will be.

Team with a local Realtor to develop a purchase strategy!

Best, Steve

$1 down VA 3.5% FHA 5% Conventional is possible.


emilyknell1@yahoo.com

There are options with as little as ZERO down, however the lowest that is typical is going to be 3.5% on an FHA loan and 5% down on a conventional mortgage (720 FICO and low debt ratios required)