What percent down is needed for a down payment in todays market? I would rather use the income from my

Asked by Carl, 10010 Thu Jan 22, 2009

portfolio to help pay the mortgage rather than liquidate my holdings and put that money towards a down payment.

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Marty S, , Irvine, CA
Thu Jan 22, 2009
The smallest downpayment is 3.5%, UNLESS you are qualified for a VA loan or a USDA Rural Housing loan.

I am a mortgage broker. If I can be of service, please let me know!

Martin Smith

Precision Funding
877-238-6324 Ext 704
877-238-6324 FAX
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Dana Schuster, Agent, Slidell, LA
Thu Jan 22, 2009
This depends on the type of financing you get. For example,FHA is 3.5%, conventional can be 10-20%, and there are some 100% programs out there such as VA,RD and USDA.your option is to confer with a trusted local mortgage broker & explore your options.
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