Do foreclosures require a downpayment?

+1 vote
asked Oct 12 in Real Estate - Renting by T Reed (210 points)
Do foreclosures require a downpayment?

When buying a foreclosure home do you have to put a downpayment on the foreclosed home to purchase it?

1 Answer

0 votes
answered Oct 13 by Jodie (4,160 points)
Yes when buying a foreclosed home you will be required to put a down payment on the loan you're getting for the foreclosed home.

The amount required for the down payment on the loan will depend on the type of loan the buyer gets for the foreclosed home.

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