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What is the minimum down payment required?

April 26, 2017down payment minimum

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What is the minimum down payment required?

4 Answers

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We offer conforming loan programs with as little as zero down and jumbo loan programs with as little as 5% down. However, significantly lower rates are available with a down payment of 10% or greater.

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The minimum down payment required for our programs is 5% of the purchase price.

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A minimum down payment of 10% is required for most 504 projects. However, a 15% down payment is necessary when a business is a start-up enterprise (less than 2 years old), or when the project property is considered special-purpose. A 20% down payment is required in situations involving both a start-up business and a special-purpose property.

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504 loans require a down payment of between 10% and 20%. A 15% down payment is necessary when a business is a start-up enterprise (less than 2 years old) or when the project property is considered special-purpose. A 20% down payment is required in situations involving both a start-up business and a special-purpose property. Other credit worthiness factors may impact the amount of down payment required.