How much money you put down depends on a variety of factors, including the type of purchase you are making (standard sale, short sale or foreclosure sale); the price of the home you are purchasing; and yes, your credit score. For an FHA loan, the minimum down payment is 3.5%; for a conventional loan, the down payment may be as much as 20%. When you speak with us for a home buying consultation, our Orange County mortgage professionals can calculate the likely down payment you will need to make.

Posted in: Home Buying FAQ