How much do I need for a down payment if this is not my first time buying a house?

A minimum of 5% would be needed if:

  • you are living in the home you are purchasing
  • it is a vacation home
  • a second home that you will be living in
  • a purchase for a dependent family member

A minimum of 20% down would be needed if:

  •  you’re buying an investment property (ie. rental property)

About The Author

Sarah is a mortgage broker & happiness builder. Say hi to her: sarah@mintmortgage.me.