what is a standard down payment on a house

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What is the typical down payment on a house? This is a common question we receive from our readers. So we sent an email survey to 15 mortgage lenders across the United States, to get their input on the subject. We also asked if there were any new developments in this area for 2013.

With a 20 percent down payment, you would pay the seller $20,000 and you would borrow $80,000. Sometimes you’ll hear a phrase like, "Alex put 20 percent down on the house." That means that Alex made a 20 percent down payment.

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What Is the Standard Down Payment on a House? – Sure, there are many reasons why you should make a 20% down payment on a house, but most banks will allow you to put down less-and yes, you can put down even more if you’re feeling flush. Let’s take a look at the pros and cons of making a number of different down payments on a house. When your down payment is 20%

Standard Down Payment On A House – FHA Lenders Near Me – How Much is the Down Payment on a House. Traditionally, an average down payment has been fixed as 20% of the purchase price. In short, now there is no standard down payment. It can range between 3 to 20%. All you have to do is to choose the plan that is best suited for your budget.

The 20% mortgage down payment is all but dead – But the association’s research finds few adults ages 34 and younger (just 13%) realize they can buy a house with a down payment of 5% or less. “This type of loan is considered the gold standard and.