Posted on June 10, 2014 - 05:03 PM
by Meridee Escalera
Buying Tip: Down Payments: The down payment for FHA financing is 3.5% of the purchase price. If you qualify for FHA financing and 1st time home buyer assistance then it would be $0 down. Conventional financing is 5% down. USDA or rural financing is $0 down but the home has to be outside the city limits. If you are purchasing an investment property then it is a minimum of 20% down. Feel free to contact me with any questions on this or anything pertaining to real estate.
Destination Real Estate