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Fresno Real Estate Information: Mortgages
Down Payment

The down payment is the part of the purchase price the buyer pays in cash and is not financed with a mortgage. Your down payment will reduce the amount you'll need to borrow. So, the more cash you put down, the smaller the size of your loan, and the smaller the amount of your mortgage payments.

Lenders often view mortgages with larger down payments as more secure because more of your own money is invested in the property. However, there are other loans that require as little as 3% to 5% of the purchase price for a down payment.

Further Information:
About Mortgages
Mortgage Amount and Term
Amortization
Fixed or Adjustable Interest Rates
Down Payment
Closing Costs
Discount Points
Conforming and Nonconforming Loans
Fixed-Rate Mortgages
30-Year Fixed-Rate
20-Year Fixed-Rate
15-Year Fixed-Rate
Adjustable-Rate Mortgages (ARMs) (page 1)
Adjustable-Rate Mortgages (ARMs) (page 2)
Adjustable-Rate Mortgages: CD-Indexed ARMs
Adjustable-Rate Mortgages: Treasury-Indexed ARMs
Adjustable-Rate Mortgages: Cost of Funds-Indexed ARMs
Adjustable-Rate Mortgages: Initial Fixed-Period ARMs
Adjustable-Rate Mortgages: Two-Step Mortgage
Government Loans and Programs (General)
Government Loans and Programs: FHA Loans
Government Loans and Programs: VA Loans
Government Loans and Programs: RHS Loans
Government Loans and Programs: State and Local Loan Programs
Balloon Loans


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