how much for down?

Asked by Jasmin Moreno, Dallas, TX Fri Sep 20, 2013

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Chris Boying…, Agent, Allen, TX
Fri Sep 20, 2013
Jasmin--that depends on the type of loan and your credit situation. FHA requires 3.5% down and most conventional require a minimum of 5%. It would be wise to contact a Realtor that will refer you to great lender in your area.
1 vote
Question for you Mr. Boyington:
For someone looking to investing in their first rental property, what can one expect? Is it truly as high as 30% down? By someone I mean myself :). Also, my daughter is saving for her first rental property. She will continue to live with me until after she finishes college in 4 years. What are some things she would benefit from a first time buyer?
Flag Tue May 20, 2014
Susie Kay, Agent, Dallas, TX
Tue Oct 14, 2014
That depends on the loan that you are obtaining. You can obtain FHA loan for 3.5% down or if you choose to purchase a home in a certain area approved for USDA loan then you put 0 down.

Have you found a lender who can help you? If not, give me a call at 469-371-2899 and I can connect you with one or two lenders.

Susie Kay
Realtor & Certified Stager
United Real Estate
0 votes
Amy Arey, Agent, Allen, TX
Sun Oct 12, 2014
Down-payments vary depending upon loan-type:
VA- zero
Conventional 5-20%
Hard Money-Depends upon the ratios

Contact me for specifics or to recommend a great loan officer with whom I know you would be in good hands with.

-Amy S. Arey, Realtor
Halo Group Realty, LLC
0 votes
Chris Boying…, Agent, Allen, TX
Mon Sep 8, 2014

it depends on the type of loan that you are going to get. It would be best to discuss this with your lender.
0 votes
Allan Rourk…, Agent, Cedar Hill, TX
Fri Sep 20, 2013
Puedes entrar con 3.5% downpayment con prestamo FHA. Mi hijo es loan officer con Wells Fargo.
Si quieres te puedo poner en contacto con el. Llamame al 469-867-5390 cuando puedas.
Ojala podamos servirte en el future.
Allan Rourk Montenegro
0 votes
Dixon Wong, Agent, Dallas, TX
Fri Sep 20, 2013
Hi Jasmin,
If you can get FHA loan then you can get it as long as 3% or 5%

I can connect you with my lender. You can email me at

0 votes
Philip Watki…, Agent, Dallas, TX
Fri Sep 20, 2013
I agree with what everyone else said... Check out my website at------>
Or call me, (469) 855-9558. FYI... You can get a USDA loan for 0% down.
0 votes
olivier sebag, Agent, Dallas, TX
Fri Sep 20, 2013
Hi,you could you use different types of loans between 5% and 20 % downpayment.Have you been pre-approved? I have some lenders I could send you to to get this right in the case needed.Now in case that that you are paying cash for this property then the down payment could be about the same and remenber you still will have the option period as a protection to get out of the transaction if you are not liking the property from the inspection.
You can reach me at 214.356.9221 or email me at
Thank you.
Olivier Sebag.Nathan Grace Real Estate.
0 votes
Andrew Smith, Agent, Addison, TX
Fri Sep 20, 2013
That depends on what type of financing you're getting, FHA loans let you put down 3.5%
0 votes
Voices Member, , Dallas, TX
Fri Sep 20, 2013
If for FHA 3.5 percent , if your credit score is at least 620 for a Conventional it is 3% down
and it would be a fix rate any questions call me 214-557-3312
0 votes
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