I am often asked how much down payment is required to get a home loan now.  While there is no set answer perhaps the best response is ..."it depends'.  It depends on the type loan you want to take out.  Is the person a Veteran? Currently on active duty?  Is the home to be your primary residence or a second home?  What is your credit score?  These are just a few issues that are considered when a loan officer looks at a credit application.  The final answer could be anywhere from no down payment required to 20% of the purchase price required.  CLICK HERE  to read an article on this subject by Realty Times.

If you would like to discuss applying for a home loan with a local lender, let me know and I can provide you with a list of experienced and knowledgable local loan officers.