How Much For My Down Payment?

Depending on the type of mortgage you plan to take out or are eligible for, down payments for certain types of loans can range from 5%-20% of the purchase price.

Take action to improve your situation if a low credit score if making it diffucult for you to get a loan. You may check out improving your credit score on MyFico.com. which is most often used by lenders to gauge your risk level. There may be a small fee to get your actural credit score.

There are other websites that can help you check your credit score. Visit annualcreditreport.com for a free annual credit report from each of the major reporting agencies. 

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