Remove Due diligence Remove FHA loan Remove Inspection contingency Remove New Construction
article thumbnail

When Is a House Down Payment Due and How Much Do I Need?

HomeLight

Larsen cautions that if you’re buying a new construction home, you will likely be expected to pay a much larger percentage of earnest money. So, someone could literally buy a $700,000 house with no money down with a VA loan,” says May. A Federal Housing Administration loan is backed by the federal government.