The minimum down payment that you need for purchasing a home like this is $1600 if we are looking for FHA type loan. Now there are some HUD properties that you can go with only $100 down payment program. If you wish to obtain homes that can qualify for an FHA loan, let us know so we can help.
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This will depends on what loan program you use. There is conventional, FHA an va loans out there. In general 5 percent downpayment is the most common but it could be up to 10-15 percent.
I can prefer you to my lender to get you pre approval. This way you can make an offer on the house. You must really like it since you been looking at it. Don't let it slip away!
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