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What is the minimum down payment needed to purchase a property?

April 26, 2017down payment minimum needed Property purchase

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What is the minimum down payment needed to purchase a property?

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A minimum down payment of 5% is required to purchase a home, subject to certain maximum price restrictions. Regardless of the amount of your down payment, at least 5% of it must be from your own cash resources or a gift from a family member. It cannot be borrowed.