2007-06-27 14:29:41 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
It is hard to tell you what the average down payment is on any value home because there are so many different mortgage programs available that range from 0 down to 20% or more down. If you have relatively good credit (at least a 620 score), you have a good chance that you may qualify for $0 money down to buy a home. Actually buying a home with no money down has become increasingly popular with consumers over the past few years. However, many people still put down anywhere from 3% to 10% on average (which would be $1,500 to $5,000). Read below for more information about down payments
2007-06-27 14:47:38 · answer #1 · answered by dzwreck 4 · 0⤊ 0⤋
I truly believe that you can place a down payment depending on which house and the condition the house is in because I live in linton Indiana and there are plenty of houses here that would love to except ten thousand
2014-11-12 14:32:28 · answer #2 · answered by Felicia Wills 1 · 0⤊ 0⤋
The average down payment (to avoid private mortgage insurance) is 20%, or 10 thousand in your case.
2007-06-27 21:45:27 · answer #3 · answered by Anonymous · 0⤊ 0⤋
uhh... i don tthink there are any $50,000 houses! but i am pretty sure 20% is the rate you are suppose to put down. and it is STUPID to not put any! those are the poeple that LOSE theor homes! because after the time is up for the no interest or whatever they expect you to pay a HUGE amount to make up dfor it, so if you can t afford it in the first place, you just lose you home! good luck! where are you to be wondering about a $50,000 house anyway? not california i knwo that! yopu couldnt get a run down mobile home!
2007-06-27 22:08:59 · answer #4 · answered by chloalikev 3 · 0⤊ 0⤋
James, do you ever ask a question just once? Look at your own questions on your own profile. Almost every question is asked two or three times right in a row. Just hit send once, please.
2007-06-27 22:29:14 · answer #5 · answered by Judy 7 · 0⤊ 0⤋