Only share if you feel comfortable, of course!! I'm making this a poll so people can vote anonymously... and making it multiple votes possible so those of us who have purchased more than once can indicate how much each time. Just curious!
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We put down 20%.
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we put down bit over 20%. I didnt want to deal with the PMI of less than 20%
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We put down about 33%. Less than 20% wasn't an option because I didn't want to deal with PMI.
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We're in the process of buying a home, and we're putting down 25%.
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We put down 3.5%.
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20% both times we bought. I'm not comfortable putting down less.
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3.5%, we did an FHA mortgage
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dang it, I couldn't remember if we did closer to 20 or 20. But @LivsMama: is right, we did 20% to avoid PMI.
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With our first home, we put down 15% because that's all that I had saved up at that time (I was 22/23) . For our two farms, we put down 20% each time so we didn't have to deal with PMI and it brought our monthly mortgage down quite a bit.
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Put down 20% on our investment property. Hubby put down a little more when he purchased our now house.
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On our house/first investment property, 20%
On our industrial unit, 25%, which is the minimum we were allowed to put down on a commercial property.
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I put 5% on a Mass Housing loan (similar to FHA).
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About 25%.
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I put 5% down on my first house and less than 20% on this house.
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For my TH we put down 20%, it's now rental property. For our current house we put 0% down, DH got a great first time homeowners loan.
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We put down 20% but had to borrow that money from my in-laws since we didn't want to pay PMI. So we're currently paying what feels like two mortgages to pay back my in-laws so money is tight now. We have another year and a half to pay them off.
Our friends put down 3.5% for a house that was comparable in price to our home, and their mortgage is about what we pay for ours plus paying back in-laws. I don't mind having to pay that much now because I know we'll be done paying back the loan very soon. I don't think I can manage to have that high of a mortgage for 30 years though.
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I really hate PMI, so we put down 20%. I'm glad we did, because it made the payments super reasonable on one income.
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We put down 30% since it was a minimum of 20% required by our co-op board and we wanted to get our monthlies down to a comfortable level to increase our chances of board approval.
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25%
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20% plus fees and inspection. I think it was roughly 23% total cash upfront.
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Our broker told us we only needed to out down 10%.
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The first time I bought a house in Texas, I did so with 5% down. The place is so cheap that PMI is only about $30 a month. It was an FHA loan.
We're house hunting right now and looking to put 25% down. But that's because the market here in the NYC area is so competitive, you really have to have at least 20% to get a desirable place.
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We aren't homeowners, but we are looking to buy a house in the next year, and we will only put 3.5-5% down with an FHA loan. Saving 20% would take us a really long time!
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15% - but it was around 65K and we couldn't afford to put down any more than that.
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We put 20 percent down which considering what hinges cost in NYC, I'm not sure we will recover from anytime soon.
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20% for my condo and 20% for our house
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20% but housing costs are pretty low here in Nashville so it wasn't at all difficult for us. When we move home to Mass 20% is going to be a much bigger number. We will hopefully be able to swing it but if not we'll do something similar to @yin: and borrow cash from my parents and pay them back over a couple years.
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20% to avoid PMI.
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We put down 7% on a conventional loan
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We did FHA loan, which was 3.5%. Of course, it's better to put down 20%, cause now we pay $200 a month in PMI insurance.
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