What percentage of a home loan do you need to have for a down payment in order to get the best rate?

Is it different if you want to build a home vs. buying one finished?

Thanks.

What percentage of a home loan do you need to have for a down payment in order to get the best rate?

20% down avoid PMI Private Mortgage Insurance.

And no it does not matter if it's a new home or re-sale.

Hope this helps.

Terry S.

http://www.Welcome2Arizona.com

What percentage of a home loan do you need to have for a down payment in order to get the best rate?

I think you need to put at least 20% down. Less than that and you typically have to pay mortgage insurance.

What percentage of a home loan do you need to have for a down payment in order to get the best rate?

The more you put down the lower it could be.

What percentage of a home loan do you need to have for a down payment in order to get the best rate?

There are different down payments requirements depending on your credit and your income/debt ratios. Example..Countrywide has a Fast And Easy program if your score is 740 or better I believe, you need 5% down and get A+ rates. The lower the score the more you need down. And a lot of lenders are still doing 2 loans to save you from the PMI. Good luck!

What percentage of a home loan do you need to have for a down payment in order to get the best rate?

If you don't put down at least 20% a mortgage company will not even take you seriously. Beyond that the more you put down the better the rate you could be offered.

What percentage of a home loan do you need to have for a down payment in order to get the best rate?

To get the best rate you need a good credit score. 20% down will get you in the house but again your credit score determine your interest rate.

What percentage of a home loan do you need to have for a down payment in order to get the best rate?

Not less than 20%