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What is the absolute minimum down payment required by the lenders?

April 26, 2017down payment lenders minimum

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What is the absolute minimum down payment required by the lenders?

2 Answers

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[Most regular lenders will take applications with as low as 5% down payment. Buyers need to understand that the lower the down payment, the harder to get approved. And of course, with a higher loan to value ratio, your interest rate and payment is going to be higher and may not be desirable to you.

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[Most regular lenders will take applications with as low as 5% down payment. Buyers need to understand that the lower the down payment, the harder to get approved.