[Tiger Beer]

What is the % of total house cost that is expected to get a loan, etc. for a house/apt in this economy?

Has it gone HIGHER (as so many bad loans in the past) or LOWER (to get more people into homes again)?

[RedRockAAAA]

In Nov 2008 we got in for 3% down on an FHA loan on a bank owned property. Hope this helps.

[jjameson922]

Banks are sticking very tightly to the ratio of 31% of monthly income allowed for a mortgage. That figure includes your house payment, property taxes, home insurance and HOA fees.

[airics]

if you are referring to downpayment to get a loan for investor 20-30%

[olecapt]

Standard owner occupied at this point is getting to be an FHA with 3.5% down. Often closing costs paid by seller so the 3.5% if pretty much it.

Investors appear to be required to put down about 25%.

[Daddys///M3]

FHA will require 3.5%. VA doesn't require amy money down. Most conventional lenders will require 10% down (although I have a source for 5% down but guidelines are VERY stringent). These are all for owner occupied homes. A second/vacation home will require 10% down. Most lenders are starting to require 20$ down for condos, regardless of occupancy type (I have a source for 10% down on owner occ condos). An investment property will require a minimum of 20% down, but 25% down will get you a much better rate.

[airics]

20 bucks down for a condo?? I'll take ten of them! (i know, i know, it was a typo!)

[aqualung8705]

How much (cash) would I need to put down on house worth up to $80k? I was thinking about putting down $15k. My credit isn't the best, so I'd probably have to go with a hard money loan, even though I'm a first time buyer.

[Daddys///M3]

Originally Posted by airics

20 bucks down for a condo?? I'll take ten of them! (i know, i know, it was a typo!)

Whoops! I can't edit it now either.

[Daddys///M3]

Originally Posted by aqualung8705

How much (cash) would I need to put down on house worth up to $80k? I was thinking about putting down $15k. My credit isn't the best, so I'd probably have to go with a hard money loan, even though I'm a first time buyer.

$15K down won't be enough for a hard money loan. Most hard money lenders want between 40% and 50% down, some will do 35% down if they really like it.