Down Payments

Down payment are the initial upfront portion of the total amount due and it is usually given in cash at the time of finalizing the transaction. A loan or the amount in cash is then required to make the full payment.

Down Payment for Purchasing Home

Various down payments are based on the type of purchasing property:

As low as 3.5% down payment for purchase primary home in US

As low as 20% down payment for purchase investment property in US

Various down payments are based on the type of finance amount:

As low as 25% down payment for finance amount $417K to $700K

As low as 30% down payment for finance amount $700K to $800K

As low as 35% down payment for finance amount $800K to above

Otherwise you can apply for FHA loan for purchasing property more than $417K with less down payment