Depending on your loan program, your options are FHA 3.5% or 5.5% down, Conventional 10% or 25% down payment. You lender can fit you to the best program that fits your goals.
When La Mesa or San Diego home buyer speaks to their lender about what program works best with them, you will get some options.
FHA loans are govt backed with low downpayments.
3.5% and 5.5%. Both carry PMI
Conventional loans run: 10% and 25%.
You can find out which different programs have loan limits in California here: http://www.loanlimits.org/california/
Check out how my client and I beat out a cash offer to purchase her new condo! https://www.therealtordad.com/2018/12/27/how-to-beat-out-a-cash-offer-on-a-home-in-san-diego/
How Much Money Should You Put Down To A Home - RealtorDad La Mesa Real Estate
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