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Reply to "How common is it to put 5% down on a house?"
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[quote=Anonymous]In [url=http://portal.hud.gov/hudportal/documents/huddoc?id=FHA_SF_MarketShare_2015Q4.pdf]Q4 2015[/url], FHA loans comprised about 23% of all purchase loans. Since there is little reason to get an FHA loan if you can swing a >=10% down payment, it is reasonable to assume that nearly all of these FHA loans had down payments of 5% or less. Some additional percentage of all purchase loans are VA loans or loans in other programs that allow for low down payments. [/quote]
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