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How much money do I need for a down payment on a house?

April 26, 2017Business down payment Estate Finance House money renting

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How much money do I need for a down payment on a house?

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VA 0% (need to be vet, etc) FHA 3.5% (of your own money Conventional 5 to 10%. Depends if you are in a declining market (which requires the 10%. Ask your lender). USDA 0% down. There are income limits, etc. PLUS you will need around an additional 3% for closing. However, you can get the seller to pay this. NOTE!!!!!!! In order to receive the 8,000 tax credit, you MUST settle by Dec 1, 2009. PLUS interest rates are on the way up.