Additionally there are several low down payment options like the FHA loan (3.5% down), the conventional 97% (3% down) and the homeready mortgage (3% down). What are today’s low down payment.
Money from the sale of personal property can be used for your fha home loan closing costs and down payment if the following criteria can be met. The lender requires a "satisfactory estimate" for the value of goods sold;
Fha Loans Requirements Down Payment Average Down Payment Percentage States such as New York or California typically have higher percent average down payments (around 19-20%) because the price of homes is relatively steep. A 20-percent down payment on a house is a lot of money, no question about it. If you have to make a 20-percent down payment on a $250,000 house, that means coming up with $50,000.