how much do i need to put down on this house?

Asked by maymay, Dundalk, MD Mon Aug 5, 2013

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8
Lisa Wetzel…, Agent, Gardnerville, NV
Sat Jun 21, 2014
Find a good agent to advise you and a good lender that you can rely on ... that's the best answer to your dilemma.

Lisa Wetzel and Jim Valentine

Certified Distressed Property Expert, CDPE
RE/MAX Realty Affiliates
1320 Hwy 395
Gardnerville, NV 89410
775-781-5472 Lisa
775-781-3704 Jim
775-781-3703 Jessie
http://www.carsonvalleyland.com
http://www.experienceispriceless.blogspot.com
carsonvalleyland@hotmail.com
0 votes
Fritz Walter, Agent, Milford, CT
Wed Jan 8, 2014
USDA and VA are good options for 100% and FHA will require 3.5% down.

Hope this helps,

Fritz Walter
0 votes
Susanne Stev…, Agent, Chambersburg, PA
Wed Jan 8, 2014
If money down is an issue that is a concern, you may want to look into a USDA no-money down loan.
Depends on your income and the area you want to purchase in.

Susanne M. Stevens
Prudential Homesale
717-404-2327
Serving Maryland and Pennsylvania
0 votes
Susanne Stev…, Agent, Chambersburg, PA
Wed Jan 8, 2014
If money down is an issue that is a concern, you may want to look into a USDA no-money down loan.
Depends on your income and the area you want to purchase in.

Susanne M. Stevens
Prudential Homesale
717-404-2327
Serving Maryland and Pennsylvania
0 votes
Catherine Pu…, , Silver Spring, MD
Tue Aug 6, 2013
Hello Maymay,

I will be happy to go over the loan programs that you can qualify for.
There are many loan programs that you might be eligible for such as the ones listed below:

Call me at 202 573-6035 or e-mail me at catherinep@fairwaymc.com.

I specialize in

FHA
USDA
VA
Conventional financing
First Time Homebuyers
Short Sales
Jumbo financing
203(k) renovation loans
Conventional renovation loans
Multi-unit properties
Down Payment Assistance programs

Over 25 years of experience in real estate and mortgage. I can help you find the home loan program that best suits your needs.

Sincerely,

Catherine Purcell
Fairway Independent Mortgage Corporation
cell 202 573-6035
catherinep@fairwaymc.com
0 votes
Tameiko Pren…, Agent, Silver Springs, MD
Tue Aug 6, 2013
Hi MayMay,

There are so many answers for this question... truth is, one size doesn't fit all!! As some of the other replies indicate, working with a qualified Realtor will be a great option. If you are not ready to engage with a Realtor just yet, then there are calculators online that can help you guestimate the kind of program you may qualify for and the associated down payment requirements. Or, do you have an existing banking relationship? Contact the mortgage department...

Congratulations on your decision to make a home purchase and realizing preparing your budget is a HUGE first step; that will start you in the right direction!!

Best of luck,

Tameiko
0 votes
Jill M. Zais, Agent, Baltimore, MD
Mon Aug 5, 2013
It will depend on the type of loan you apply for. There is normally a 3.5% down on a FHA loan. There are grants available that can help you with your down payment though if you qualify. Give me a call at 410-456-9968 and we can talk about it. Jill
0 votes
Akil Walker, Agent, Upper Marlboro, MD
Mon Aug 5, 2013
Hello MayMay.

Depends on your loan, FHA 3.5%, Conventional 5,10, and 20% depending on your loan or straight cash and..no worries.
0 votes
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