How much from your savings will you be using as a down
payment?
Today you can get a loan with as little as nothing down. Yes that's right,
0 down payment. You can also have the down payment gifted to you from your
parents or grandparents. You can use the equity that has built up in other
property that you own as a down payment.
Your friendly Lake Realty Ohio Realtor®/Agent will be happy to help you with all your questions about financing.
Rules of thumb for minimum conventional & Government
insured loans
CONVENTIONAL LOANS = 10% Down
Payment
GOVERNMENT INSURED LOANS = 4%
to 6% Down Payment