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5000Audi
08-07-2009, 09:04 PM
hey there, so ive got a few questions about buying a home.

i dont have the best credit out there but i want to pick up a house. i hear there is a amount of down payment to make a bank give one a morgage.. i will be able to get the funds for a down payment in cash..

So lets say a 250,000 townhome or apartment.. how much would the down payment need to be?

Thanks in advance..

911fever
08-07-2009, 09:24 PM
10% down in most scenarios. Some do 5%. Get a broker to get you a deal.