How much is needed for a mortgage down payment?

Answer The amount of down payment needed to purchase a mortgage depends on the product selected. For a VA or USDA loan, no down payment is needed. For a FHA loan, a minimum 3.5 percent down payment is nee... Read More »

Top Q&A For: How much is needed for a mortgage down payment

Is it possible to get a mortgage without a down payment?

It is possible to get a mortgage without a down payment. One-hundred percent mortgages allow consumers to purchase a home without any money down. These loan come with a significantly higher private... Read More »

When is your first mortgage payment due?

The first mortgage payment is due the second month after the date of closing. For example, closing on the 16th of September would make the first payment due on November 1st.Source:"The Unofficial G... Read More »

When will I have to pay my first mortgage payment?

When paying closing costs, you are usually required to pay the remaining interest for the month of closing. Your mortgage payment will then normally cover the previous month and therefore won't be ... Read More »

When is the first payment due on an FHA mortgage?

The first payment due on a Federal Housing Administration (FHA) mortgage is due the first full month after the closing date. Payment on interest for mortgages is paid in arrears, after it is earned... Read More »