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How much do I need to put down for a million dollar home?

by emcs4584 from Astoria, New York. Jul 12th 2017 Reply


Only 3.5% FHA Insured Mortgage 30 years fixed. That is if the property is a 2 family dwelling and you.combined gross yearly income is over $ 150K. One family will be at 10% DP. Call us at 516 481 5059 Residential Home Funding mortgage bankers, Paul Williams NMLS 7734

Jul 12th 2017
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

OMG... Other answers.... Generally at that purchase price, your minimum down payment will be at least 20%. If you have excellent credit, you may be able to find as little as 10% to 15% down, but expect to have to deal with higher rates, mortgage insurance, or multiple loans.

Jul 12th 2017
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Thomas Cacciola (tcacci_862_671)
#84 ranked lender in New York - 1 contribution

Hi,It depends on your credit history/score, debt ratio and some other factors. Please email me some greater detail and I will let you know the options we offer. Thank You, Tomtcacciola@coltrain.com

Jul 12th 2017
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On a million dollar home, 10% possibly 5%.. but as high as 20%.. this will depend on your credit and the exact type of property it is. If you really want to know give me a call.. pete 347 875 7506..

Jul 12th 2017
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