fotoluz04, Home Buyer in Los Angeles, CA

What is the down payment.?

Asked by fotoluz04, Los Angeles, CA Thu Jan 24, 2013

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This question was asked from this property: http://www.trulia.com/property/3106554192-217-Newland-St-Los…

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7
If you plan on moving in you can get a down payment as low as 3.5%. This is and FHA loan. This type of mortgage loan does require the borrower pay mortgage insurance.

If you are purchasing this as an investment then the down payment will likely be 20% or higher.
1 vote Thank Flag Link Thu Jan 24, 2013
Good morning,

Your down payment is at least 3% (usually 3.5%) and higher, depending on what you're looking for. I suggest contacting a licensed loan broker to find out what down payment is right for you. You can call Bridgette (818) 335-0283 (bridgette4re@yahoo.com) if you want a FREE consultation. Then you can feel free to look at any property in a price range you're comfortable working with and know what payment options you have. Please feel free to let me know if you have any questions.

Sincerely,
Caroline Harabedian
Realtor
RE-Search Concept
8700 Reseda Blvd., Suite 213-B
Northridge, California 91324
(818) 967-9626 mobile
(818) 979-0226 fax
http://www.HomesByCaroline.net
caroline.wcli@gmail.com
0 votes Thank Flag Link Fri Jan 25, 2013
Down payment is a deposit on a purchase. Are you looking to buy this house? Step one, talk to a lender.

Good luck
0 votes Thank Flag Link Fri Jan 25, 2013
You need to speak with a lender first. they will tell you what kind of loan you qualify for and how much down payment you will need.
0 votes Thank Flag Link Thu Jan 24, 2013
Hello,
It depends on the loan you qualify for..typically the down payment is 20%
Please contact me directly if you need a lender, or have any other questions.

Best,
Susan Bo'ur Realtor/Coldwell Banker
Susan@SusanBour.com
0 votes Thank Flag Link Thu Jan 24, 2013
The lowest available downpayment is 0,5% , then there is FHA loan 3,5% down also available for this property - it is based on your credit and finances.

Please call me 423-777-9377


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0 votes Thank Flag Link Thu Jan 24, 2013
Hi,
The down payment would depend on a number of factors. Please feel free to call or email me to discuess your options.
Regards,
DJ Bonner
Keller Williams Realty
djbonner@kw.com
0 votes Thank Flag Link Thu Jan 24, 2013
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