how much should you put down on a house down payment?

for buying your first house the house we are lookingat is 169000 dolalrs, any idea of what to put down on it?

5 Answers

Relevance
  • 9 years ago
    Best Answer

    Definitely 20% ($33,800 in your case).

  • DEBS
    Lv 7
    9 years ago

    You *should* put down as much as possible making sure you leave yourself enough reserves to be able to move in, do the required improvements, and buy appliances or furniture you need.

    From a qualifying standpoint, you will need to have 20%.

  • 3 years ago

    hi Carina, nicely the underwriter will for specific source and season the money to be sure you probably did no longer "borrow" the money. What you're speaking approximately has to do with deposits made at an extremely financial corporation and that i'm fantastically specific the "pink flag" quantity is $10,000+. one thank you to dodge any subjects is to easily use your VA advantages to purchase a house without money down and shop that income mark downs for emergencies. only my 2 cents.

  • 9 years ago

    It depends on the type of loan you are trying to get, as they all have different down payment requirements such as 1%, 3.5%. But 10 or 20% is good.

  • How do you think about the answers? You can sign in to vote the answer.
  • 9 years ago

    At least 20%

Still have questions? Get your answers by asking now.