What is the minimum down payment for FHA?

Answer As of April 2010, a Federal Housing Administration (FHA) mortgage requires the borrower to have a down payment of at least 3.5 percent in order to qualify for a new mortgage loan.Source:US Departme... Read More »

Top Q&A For: What is the minimum down payment for FHA

What is the minimum down payment on a conventional home loan?

A conventional home loan, which is underwritten by either Freddie Mac or Fannie Mae, requires a minimum down payment of 5 percent of the purchase price of the home. The down payment may be up to 20... Read More »

What is the difference between down payment and under table payment ........?

In the US when we close on a house there is not a line item on the closing statement (HUD1) for the "down payment". Instead it just shows that you obtained X amount from your loan and owe so much ... Read More »

What is the minimum payment on a WaMu card?

The minimum payment for a Washington Mutual credit card is determined by adding interest fees and late or overlimit fees to 2 percent of the balance. So if one month you were charged $5 in interest... Read More »

What is a credit card minimum payment?

A credit card minimum payment is the least amount of money a credit card holder is required to pay on an account that has a current balance. The credit card issuer will typically apply a late payme... Read More »