How much money do i need to put upfront to buy a house?

Depends on your income/debt ratios and credit scores. You can always have the seller contribute towards your downpayment and closing costs. For Example, certain FHA programs in Texas allow seller to contribute up to 6% to buyer. If a buyer is wanting to get into a home with no money down, 3% could be used toward closing costs and the other 3% would be placed on downpayment. This would allow a buyer to purchase a home with little money out of pocket besides certain non allowable fees including appraisal and inspection.

Depends on what's available. If this is the first time you've purchased a home, there's an FHA loan (or there used to be) that limited the money you needed to put down to under 10% (I think it was somewhere around 3-5%). Otherwise, you generally need to put at least 10% down on most mortgages. It'll depend on your credit and such but that's what I've usually seen. Obviously, you can put MORE down if you want to but I'm guessing you want to put as little as you can down. Best bet is to start working with banks or lenders to find someone who can offer you pre-approval on a loan you can afford. Then you can go around and see what houses fit that price range.

As of about 1 or 2 weeks ago 100% mortgages are a thing of the past, unless you qualify for VA or USDA loans you'll need at least 3% down. If you don't have good credit you'll need at least 10% down and if you want to avoid paying mortgage insurance you'll need 20% down. And get your closing costs covered by the seller in the purchase contract, that way you won't have to worry about the added cost.

While some offers claim "No Money Down", keep in mind that those deals are part of the reason for the current mortgage crises and credit crunch. I would say that 10% down is the minimum you should consider. But even with that, there is something called Private Mortgage Insurance (PMI) that almost everyone has to pay if you don't yet have 20% equity in your home. So basically, it is yet another charge that gets figured into you monthly mortgage payment...and it goes for nothing more than because you don't have the equity built up yet. Money for nothing...not even tax deductible. For the best rate, for the avoidance of many types of fees (depending on your state) and for your own piece of mind; find a home that you can afford a 20% down payment on...and take the 30yr fixed rate. If you are lucky enough to be able to afford the 15yr...good for you!

If this is your first time buying a house, $0. You will also be eligible for grants depending on your income. I am in the process of buying my first home and I am using a $3k grant for the down payment and I have no other costs. They work everything else (taxes, etc.) into the loan so you pay it over time.

there are lots of different mortgages out there in some cases you can get 100% so you would not have to put nothing down but usually you will pay a slightly higher interest rate so really its up to you but go and see an independent financial adviser, if you go for independent they are free and will claim costs for himself from companies that he advises you to use ie comission

it is very hard to find a lender who will offer 100% financing- you have to estimated min 3% for down payment of the loan amount and depends of the state you are living 2-3% for the closing cost- (i can be very off on the closing cost )

YES. Do a FHA loan and use the genesis program. The seller can pay your closing and your downpayment.

To get a good rate 20% -Yeah thumbs down to me when most of you jerks said the same freakin' thing