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re: Down payment on a house.
Posted on 8/2/11 at 12:41 pm to diddydirtyAubie
Posted on 8/2/11 at 12:41 pm to diddydirtyAubie
quote:
I heard banks are not allowing anything lower than 20%. Is this true?
I bought a house in December, closed the week before Christmas. I put nothing down. It was a "Rural Development" loan, which I understood it as long as the home appraised for 15% more than was offered, I didnt need anything down.
Granted, this is in Bunkie.
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