If you are considering buying a home with financing, your first question may be regarding the size of the downpayment. We are commonly asked about down payment requirements. Each lender is, of course, different and has different requirements. It is always best to get your information directly from your bank or lender about their particular programs.
In general, most traditional mortgage companies have required a down payment of approximately 10 to 25 percent of the price of the home. You may qualify for programs that require a smaller down payment. Programs exist for veterans, middle to low income families and others. These programs do, however, come with a higher interest rate.
Email me at Carmen@TopScottsdaleHomes.com to schedule an appointment to view any Scottsdale real estate. We would be happy to show you homes or condos in Scottsdale.
Carmen Brodeur JD
Trillium Properties, LLC
9825 E Bell Road, Suite 120, Scottsdale AZ 85260