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how much do you have to put down.

  • Question refers to 7904 Hill Country Ln, Dallas, TX 75249
  • April 20 2010
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Answers (3)

Please know that in additon to the standard FHA 3.5% down payment there are also other lending programs that require a lower down payment and below are two examples:

1. HomePath - An exclusive mortgage for homes owned by Fannie Mae and minimum down payment is 3%

2. HUD Yes - A unique FHA program that allows someone to purchase a HUD Foreclosed property with only a $100 down payment and HUD will contribute 6% of the purchase price to the buyers closing costs.
  • April 21 2010
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Naima is correct in her answer.  You'd handle that with a mortgage company/lender unless it was owner financing. 

I am the current owner of the home and an agent.  Currently it's being leased.

Thank you for your interest.

-GSC
  • April 21 2010
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The homeowner doesn't determine how much you have put down on the house.  Your mortgage company does based on your income, credit history, debts, etc. 

If you don't qualify for a VA loan which allows for zero down, then you will likely have to look at an FHA loan which requires a minimum of 3.5% down.

Naima
  • April 20 2010
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