What is the minimum down payment I need to buy a house in San Antonio?
San Antonio Home Buyer Q&A:
What is the minimum down payment to buy a house in San Antonio?
The minimum down payment to buy a home is dependent on which type of loan you qualify for:
VA Minimum: 0%
FHA Minimum: 3.5%
Conventional Minimum: 5%
Keep in mind down payment only makes up part of the total closing cost package...yes it is the major portion but there are other factors in the total amount due at closing, most of which can be negotiated in the terms of the contract. Also, you can always put more money down on your San Antonio home to lower the principle amount due. If you are putting less than 20% down you will need to factor in PMI insurance into your monthly payment.
We are happy to sit down and discuss all these factors with you in an easy step by step process. Just let us know when the time comes and one of our team members will be happy to assist!
All information deemed reliable but not guaranteed.