Depending on the loan type and qualification of the home will pretty much determine the down payment. Veterans Administration for military is 0 down. Federal Housing Admin, FHA, is 3.5%. Conventional is 20%. Second homes and condos vary. Some homes may qualify for a repair loan known as 203K or cash only. If I may check on a specific property, please contact me.... more
Davinci, Our current real estate market can be seen as a pendulum. At it's height in 2005-06, the market
produced a huge jump in pricing. We are now at the opposite side of the pendulum, and the market is producing depressed pricing which you are currently observing. Eventually the market will stabilize, but
even that will take time as we work through this glut of foreclosures. For a qualified buyer there are tremendous opportunities, in almost every size, price range, and neighborhood. Get your financing in order and get out there, a fantastic deal is waiting for you, so make it happen!!