Asked by: Noris Zerradpersonal finance home financing
How much do you have to put down on a house in Indiana?
Last Updated: 4th March, 2020
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Thereof, what is the average house payment in Indiana?
Indiana mortgage and refinance rates today (APR)
|Loan type||Average rate||Change 1 year|
Subsequently, question is, what do you need to buy a house in Indiana? Here's what you need to know about buying a house in Indiana.
- Step 1: Evaluate Your Current Financial Situation.
- Step 2: Find a Great Indiana Real Estate Agent.
- Step 3: Read Up on Local Real Estate Market Trends.
- Step 4: Get Pre-Approved for a Mortgage.
- Step 5: Start House Hunting.
- Step 6: Make an Offer.
Thereof, how much down do you need for a house?
The minimum down payment you need to buy a home is 3.5% down with an FHA loan on a 30-year fixed-rate mortgage. This 3.5% down payment is a factor of the home price on a loan size up to the high-balance FHA county loan limit – which in most places is $417,000.
How much is a downpayment on a 600 000 House?
Down payment chart for a 600,000 property
|Percent Down||Down Payment||Loan Amount|
|5% down for a $600,000 home||$30,000||$570,000|
|10% down for a $600,000 home||$60,000||$540,000|
|15% down for a $600,000 home||$90,000||$510,000|
|20% down for a $600,000 home||$120,000||$480,000|