Bay Area Tech Realtor Nagaraj Annaiah

How much downpayment for H1B Visa holders?

July 02, 2022 Nagaraj Annaiah
Bay Area Tech Realtor Nagaraj Annaiah
How much downpayment for H1B Visa holders?
Show Notes

It depends on your situation. If you want to get a conventional loan and have good credit, you can put as little as 3% of the purchase price down. But if you don't have enough savings and can't afford private mortgage insurance, it's better to have at least 20% equity in your home when buying it.


If you're looking for an FHA loan, most common among first-time buyers, then 3.5% of the purchase price will cover things with a credit score of 580+, while 10% will cover things with a credit score of 500-579. If your credit score isn't quite so great, then some lenders may require that you put down as much as 25% of the purchase price.