10% down?

what are you looking for?

I'd do owner financing and/or an installment sale for the right buyer.

It will usually be included in the listing; typically condos you can do whatever the bank will let you, while coops are much more stringent. There are some coops that allow 10% down; others require 25, 30 or 50%. It doesn't seem to be a search feature on SE right now, so calculate what you can afford with 10% down and search up to that figure. You'll still have to dig a bit, of course.

OK, thanks for your advice.

I certainly have the 20% for the places I am looking at now. I was just thinking perhaps I could get some new opportunities if I shifted to the 10 to 15% area.

Thanks a lot!!

I thought banks weren't extending mortgages over 80% anymore.

"I thought banks weren't extending mortgages over 80% anymore."

I agree. Does anyone know of any banks that will do a 90% loan? (Or, an 80/10/10?)

Condos do allow 10% down, but you will be hard pressed to find a lender that will give you 90% financing. 90% financing went into the history books when Lehman Brothers crashed...20% down is the minimum these days.

Yes and no. An FHA loan HAS to be below 20% down. So you can get an FHA loan, as long as the building you wan to buy into allows it.

You can certainly still get conventional loans with 10% down provided you can get Private Mortgage Insurance (PMI), which has gotten much harder. FHA loans go up to 97%.

The "jumbo loans" (>$729,750) will mostly be limited to 20% down payment and higher.

As for condos, they will allow you to finance as much as you like. The 10% down payment is usually seen as the standard since that is the required amount needed to go into contract, but theoretically you could go above and beyond that at closing.

gcondo be curious what exactly you have that you might owner finance - my username at earthlink dot net