How much of a down payment do I need?

Kris Gragson | Aug 18, 2020 | Category: Mortgage broker in Long Beach, California

Jack Skovgard, Long Beach Home Loan: Mortgage Broker - All questions

Address: 1650 Ximeno Ave Ste 210, Long Beach, CA 90804, USA

Jack Skovgard, Long Beach Home Loan: Mortgage Broker | Aug 18, 2020

Hi Kris! 3.5% of the purchase price is the minimum down payment for an FHA loan and 5% for a conventional loan. There are also loan programs that allow for as little as $0 down, however they have a strict and specific credit and income qualifications. The best way to determine your options is to give me a call so we can put together a pre-qualification and provide you the most accurate information for your specific situation.

Peter Valentin | Aug 18, 2020

To do what? If your refinancing it will be added to your refinance

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