Tim Bray, B.S. Real Estate (UConn) (Seaport Real Estate Services)

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Rainmaker
4,110,347
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Well, I'm not a lender, but I do work with first-time buyers and they typically put down 5%. Some do put down 10%. Unless, of course, it's an FHA or VA borrower. Many first time buyers go the FHA route.

Mar 19, 2019 04:17 AM
Rainmaker
3,329,752
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Most first time buyers I have are using fha and putting down 3.5%

Mar 19, 2019 05:31 AM
Rainmaker
5,571,804
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

5% of the purchase price with p/s agreement....

Mar 19, 2019 05:25 AM
Rainmaker
1,722,200
Lyn Sims
Schaumburg, IL
Schaumburg Real Estate Agent Retired

min FHA.

Mar 19, 2019 05:08 AM
Rainmaker
4,038,074
Richard Weeks
Dallas, TX
REALTOR®, Broker

Depends on the type of loan they are trying to secure.

Mar 19, 2019 04:44 AM
Rainmaker
882,899
Peter Mohylsky. Broker -BRIX REALTY
Miramar Beach, Florida - Santa Rosa Beach, FL
BRIX REALTY -DESTIN

Not a lender but an interesting question here.

Mar 19, 2019 03:34 AM
Rainmaker
2,062,514
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

We don't have any special program for first time buyers when it comes to condos...

Mar 19, 2019 07:26 PM
Rainmaker
1,916,199
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I'm not a lender and will wait to see all responses. 

Mar 19, 2019 06:11 PM
Rainmaker
1,386,418
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

3%, 5% or 10% usually.  Depends on their savings, payments and preferences.

Mar 19, 2019 07:50 AM
Rainmaker
990,505
Doug Dawes
KW Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

I deal primarily with sellers but have noticed buyers putting 5%-10% down unless they are going FHA

Mar 19, 2019 06:48 AM
Rainmaker
1,639,426
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

It is all over the board. Many of our buyers are VA, so nothing. The ones who are not try for 20% whenever possible, thoiugh at the current home prices, it is difficult for many

Mar 19, 2019 06:25 AM
Rainmaker
1,897,541
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I'm not a lender Tim Bray but I can tell you that less than 50% of the buyers I worked with put anything down because so many in our area go VA.

Mar 19, 2019 05:37 AM
Ambassador
5,402,673
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

5 percent seems common here.

Mar 19, 2019 04:43 AM
Rainmaker
65,659
Tim Bray
Seaport Real Estate Services - Mystic, CT
B.S. Real Estate (UConn)

Thank you all for taking the time to respond. What percentage of first time home buyers are capable of putting down 20% in your opinion?

Mar 19, 2019 12:29 PM
Rainmaker
6,598,900
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

First time home buyers often use FHA or VA financing plus there are often state or local programs that provide assistance. 

Mar 19, 2019 10:19 AM
Ambassador
3,053,961
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

In my area it is generally 20% 

Mar 19, 2019 09:48 AM
Rainmaker
1,153,150
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

20% with no loan contingency. More if the appraisal comes out low.

Any loan less 20% never has been accepted by sellers. This is Silicon Valley.

Mar 19, 2019 07:48 AM
Rainmaker
468,799
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

Not a lender but work with a lot of first time home buyers - 0 to 5% is the typical amount of down payment range for first timers.

Mar 19, 2019 07:32 AM
Rainmaker
1,596,586
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Depends of the credit history. 

From 3%

Mar 19, 2019 07:28 AM
Ambassador
4,253,646
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I'm not a lender but, my clients are putting 20-30% down - many are paying cash.

Mar 19, 2019 09:12 PM
Rainmaker
821,277
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Good question! Hope it doesn't go back to zero down for tight loans.

Mar 19, 2019 01:10 PM
Rainmaker
2,640,892
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

What a good and relevant question at work here...Lets find out Tim

Mar 19, 2019 10:31 AM
Rainmaker
4,934,337
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I am not a lender, but have everything from VA - no down to cash buyers.

Mar 29, 2019 03:27 PM
Rainmaker
19,260
Steve McRory
Pro Option Mtg. 888-662-4404 - Tampa, FL
Mortgage Loan Originator

In Florida, I can do a 95%  ltv Super Jumbo purchase loan with closing costs paid.

On average, 3% to 5% down or the least possible and I try to working in closing costs in the deal too. 

Mar 27, 2019 06:28 PM
Rainmaker
4,008,037
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Not a lender but last 3 were 5 %

 

Mar 23, 2019 11:05 AM
Rainmaker
909,621
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Without being a lender I can easily say that first time buyers put down what ever they can or think that they need to put down. No such thing as "typical".

Mar 20, 2019 02:51 PM
Rainer
2,240
Beth Ann Berman
Premier Property Sales and Rentals - Springfield, PA
Realtor® working in and around Delaware County, PA

Most of my first time buyers are putting down 3-5%. Many also ask for assists to help with closing costs.

Mar 20, 2019 08:46 AM