Bloomington Free Payday Loans

Question: How much downpayment for 169000 home in bloomington il today?

(Posted by: on 2011-07-10 15:12:37)

Posted by: MyHandsAreMadeOfPasta on 2011-07-10, 15:22:15

The same as any other state: 3.5% minimum for FHA, 5% minimum for conventional loans...possibly more if your bank demands it because of your finances or some outside reason-but that's pretty rare. Don't forget that you can usually negotiate the price of the home down some so that obviously makes your minimum down payment slightly less since we're talking percentages. I'll let you do the math. :)

Posted by: OIL Co. BAD on 2011-07-10, 15:31:14

You should have 20% to put down

Posted by: NaturesDoctor on 2011-07-10, 15:52:05

Depends on your credit and the loan type, Veteran's Loan 0%, some first time buyer loans 0%, FHA 3.5%, Conventional 10%, no PMI 20%.