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What else can I help you with?
What is the minimum down payment required for a jumbo loan?
The minimum down payment required for a jumbo loan is typically around 10-20 of the home's purchase price.
What kind of down payment is needed for a home loan?
The average down payment for a home loan is often twenty percent of the purchase price. For example a down payment on a home of $200,000 would be $40,000.
Do I have to pay mortgage insurance?
Whether or not you have to pay mortgage insurance depends on the type of loan you have and the amount of your down payment. If you have a conventional loan and put down less than 20 of the home's value, you will likely be required to pay mortgage insurance. However, if you have an FHA loan, mortgage insurance is typically required regardless of your down payment amount.
Where can one obtain a bad credit home loan with no down payment?
It is not possible for someone with bad credit to obtain a home loan with no down payment. They would need to have a 5% minimum down payment and collateral.
Can I use land as a down payment on a construction loan?
Yes, it is possible to use land as a down payment on a construction loan. The value of the land can be considered as part of the equity required for the loan.
What is the minimum down payment required for a jumbo loan?
The minimum down payment required for a jumbo loan is typically around 10-20 of the home's purchase price.
What kind of down payment is needed for a home loan?
The average down payment for a home loan is often twenty percent of the purchase price. For example a down payment on a home of $200,000 would be $40,000.
Do I have to pay mortgage insurance?
Whether or not you have to pay mortgage insurance depends on the type of loan you have and the amount of your down payment. If you have a conventional loan and put down less than 20 of the home's value, you will likely be required to pay mortgage insurance. However, if you have an FHA loan, mortgage insurance is typically required regardless of your down payment amount.
Where can one obtain a bad credit home loan with no down payment?
It is not possible for someone with bad credit to obtain a home loan with no down payment. They would need to have a 5% minimum down payment and collateral.
Can I use land as a down payment on a construction loan?
Yes, it is possible to use land as a down payment on a construction loan. The value of the land can be considered as part of the equity required for the loan.
Can a private family loan on a lot that is not paid off be used as a down payment for a new home mortgage?
No, a loan can not be used as a down payment.
How much down payment is required on a loan of 40000.00 if the down payment percentage is 20 percent?
20 percent of 40,000 is 8,000.
Where can you get down payment assistance for a home loan that requires twenty percent down?
nobody is going to loan you a down payment - contact family members or save the money yourself
Can i refinance car loan with another down payment?
If you refinance a car another down payment is usually not required. I refinanced a car to lower to payments and it added another year to the payoff date of the car. I wasn't required to give a down payment.
Do you have to have mortgage insurance when purchasing a home?
Mortgage insurance is typically required when purchasing a home with a down payment of less than 20 to protect the lender in case the borrower defaults on the loan.
What can you expect the down payment on mortgage loan to be?
from 10% to 40% of the selling price of the home
What can you expect a down payment on a mortgage loan can be?
from 10% to 40% of the selling price of the home
