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I have a contract with a piece of property

Do I have to put 20% down to finance it 
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November 16 2013 - Brookside
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Answers (1)

To answer your question I would need to know if it is a piece of land or property with a home. There are so many lenders our there. Your best bet is to find one that offers govt. financing. I know Fha type loans allow you to put a minimum of 3.5% down. VA lending has 100% financing options. If you are in deed just purchasing a piece of land then lenders do require a larger down payment . 20% would not be unusual.I hope this helps!
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November 16 2013
 
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