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I saw this house that really fit my needs and asked the person will they co

I saw this house that really fit my needs and asked the person will they consider a owner financing and she said it was possible she would. Now I wanted to know , Do you know how much they ask for down payments on the property wihen financing? thank you!!! mck020751@yahoo.com

Asked on 12:00 am Mar 5th 2011

Anonymous

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Hi Guest,

In case of a conventional loan, you need to offer 20% down payment and in case of FHA loan, you need a down payment of 3.5% - 5%. However, in case of owner financing, there is no such fixed down payment amount. It will depend upon the seller/owner how much down payment he/she will require.

Answered on 2:50 am Dec 22nd 2011

adonis

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