Percent down in NY vs. Elsewhere

Categories: Real Estate

So, I’ve been watching this show on TLC called My First Home and have been baffled by the fact that people are able to buy in MA or MS or MI with only 3% down. These are new episodes, so they can’t be too dated…

Around NYC, though, I hear it’s almost impossible to get financing without 20% down. Is this true?

Why the difference?

By alsawo | 03/05/2009 10:41 AM