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Can you buy a house with a 5000 down payment?

Updated: 9/15/2023
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Felloowman77

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15y ago

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I would say yes, but not a very big house.

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15y ago
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Q: Can you buy a house with a 5000 down payment?
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Related questions

Can you buy a house with 1000 down payment?

yes


How much is a good down payment to buy a house?

20%


What is a down payment on a house?

Most people borrow money from a bank when they want to buy a house, but they usually do not borrow 100% of the cost of the house. They usually do have some money to apply toward the cost of the house, and that amount is called a down payment. So to buy a house costing $200,000 a person might make a down payment of $50,000 and then borrow the remaining $150,000.


Find a House With No Money Down?

If you thought that you could not buy a house with no money down, you would be wrong. There are ways to get around paying a down payment for a house if you know where to look. Find a home that has been on the market for a long period of time. The realtor will sometimes not require a down payment just to get the house sold. Homes that are sold by individuals are more likely to not require a down payment.


What do you need for to buy a house?

Some things are - A job, money for down payment and good credit.


What percent down payment to buy a 250000.00 home?

What is the minimum percent down payment to buy a 250,000.00 home?


Can you buy a house for 5000?

yes you can i brougt one


How much money is 5k?

It is $5,000. It is less than a quarter of what it takes to buy a house and you could buy a gold bracelet.


Do you have to pay cash to buy a foreclosed home?

Not all cash. You have to pay some cash to buy any home (the down payment). Therefore you buy it the same way you would buy any house.


In 'A Raisin in the Sun' what did Mama do with her money?

she bought a house in clyborne park with most of it, gave some of it to walter for bills and investment and such, and told walter to put a certain balance aside for beneatha's medical school/college


What do i need to buy a house?

You need either enough cash to pay the selling price or a down payment, a good credit history and a steady job.


How to Buy a House with No Money Down?

During the housing boom, it was easy to buy a house with no money down. However, the disastrous consequences of that have caused lending to be tightened. The best way to buy a house with no down payment in today's market is to purchase a small house and use a loan with large, stable payments. This reduces the risk to the bank, and makes it clear they will get their money back. It is necessary to have good credit as well, so one should repair their credit or cultivate good credit beforehand if they want to buy a house in such a manner.