I have bad credit but trying to repair it,I want to buy a home or a hud home but want to know how much exactly to plan on saving for a 3 bd room 2 bath home in a middle to low class area in and around california san gabriel valley area, any ideas????
2006-10-24 10:00:30 · 5 answers · asked by juicy 3 in Business & Finance ➔ Renting & Real Estate
It certainly depends on how much you are borrowing. You can get a (legitimate) zero % down loan in certain areas. I suggest you speak with a mortgage broker like through Countrywide. They can give you a lot more options that a bank. They will be able to tell you how much down payment would be required for each type of loan you qualify for.
2006-10-24 10:11:08 · answer #1 · answered by Phoenix, Wise Guru 7 · 0⤊ 0⤋
10-20%
2006-10-24 10:03:52 · answer #2 · answered by Luckys Charm 4 · 0⤊ 0⤋
With bad credit, probably 20%
2006-10-24 10:02:42 · answer #3 · answered by Blunt Honesty 7 · 0⤊ 0⤋
Depending on the type of loan you get, 10-20% would be minimum.
2006-10-24 10:02:39 · answer #4 · answered by Anonymous · 0⤊ 0⤋
10-30% depending on how bad the credit is.
2006-10-24 10:04:47 · answer #5 · answered by Justin 3 · 0⤊ 0⤋