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

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11y ago

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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.


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


When purchasing a new home how much good faith down payment should you expect on 350000.00 home?

Ten percent


The price of a home is 220000 The bank requires a 20 percent down payment The balance is financed with a 30 year fixed rate mortgage at 75 percent what is the monthly mortgage payment to the neare?

an arm and a leg...


What is a 100 percent home loan?

100% financing is a type of home loan in which the homeowner applies no money down on the purchase of the home. They are a down payment alternative which helps individuals to purchase a home and finance 100% of the home's value.


Can you use land as a down payment when purchasing a home?

Yes, it is possible to use land as a down payment when purchasing a home. This can be done by using the equity in the land as part of the down payment for the new home.


If You want to purchase a home for 125000 the mortgage requires that you put 20 percent down payment what is the amount of your mortgage loan?

2500


what application do i fill out in order to obtain grant money for down payment of a home?

is there grant money for down payment of a home


Alexis paid 20700 as a down payment for her new home. If the down payment was 11.5 percent of the total price of the house what was the total price?

20700 is 11.5%. 20700 ÷ 11.5 = 1800 (1%) 1800 x 100 = 180,000


How much is the monthly payment of a home loan for 250000 for 30 years at a rate of 5.8 percent with no money down?

It depends on the economy and where the house is.


Can you use a second mortgage as a down payment?

You can use a 2nd mortgage on a home for the down payment of another home. The payment for the 2nd mortgage will need to be added to your debt ratios.


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.