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Q: What is the minimum down payment I can make on a home?
, There is generally no minimum down payment required for buying a home. Many first-time buyers believe they must be able to put down as much as 20% of a home's purchase price in cash. That may have been true in the past, but many of the mortgage options available to today's home-buyers require as little as 3.5%. With housing prices as high as they are, homeownership would be impossible for many people if not for these low-down-payment options.
United Home Loans has a number of loan programs (pre-approval link) that can help you buy a home with little cash - find out if one is right for you.
Back to United Home Loan F.A.Q.
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