About how much would down payment on a 250,000 house be?
I was looking at a house on Lakes of Higland in Pearland and know that those houses top 250k or more.
by 
Ilyena
ANSWERS: 1
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Depends on the type of loan you are looking at and your credit. A conventional loan requires a 20% down payment or $50,000 in that case. Some loans require a 5% down payment which would be $17,500, but I have heard most companies are getting away from the 5% down loans due to the housing market and are erquiring a 10% or $25,000 down payment. There are still other loans that do not require a down payment, but your payment is usually much higher due to PMI and they usually give you a much higher rate due to the risk invovled.
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