Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 17 years ago,
What is the absolute minimum down a lender would take?
I'm looking to make my first purchase on a 700k property. I have never gotten a home loan before and while I can cover a large mortgage I don't currently have a ton of cash.
The disclaimer is that I'm NOT INTERESTED in doing an ARM or interest-only loan. I have excellent credit. What do you think the reasonable minimum down payment is on a loan of this amount?