when purchasing a home such is this one how much would a down payment be?

Asked by Nu_woman31, Elizabeth City, NC Mon Jul 23, 2012

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Lisa Harrell’s answer
Lisa Harrell, Agent, Edenton, NC
Mon Jul 23, 2012
Depending on the location of the home, the size of the home, and your income, you may qualify for a USDA loan which offers 100% financing. USDA loans are designed to encourage home ownership in rural counties and to assist buyers with low-to-average incomes.
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Tim Moore, Agent, Kitty Hawk, NC
Mon Jul 23, 2012
You have linked no homes so we do not know what house it is. Your options are 3.5% down if getting a FHA loan and 15-20% down if using a conventional loan. I suggest contacting a local loan officer at the bank and discussing loans and down payments with them.
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Thanks for the feedback and sorry i thought it automatically would show the home, I'm new to this..
Flag Mon Jul 23, 2012
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