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Is it possible to get a mortgage these days with a 5. – Trulia – Is it possible to get a mortgage these days with a 5% down payment? Asked by Kevin, Montclair, NJ Mon Mar 9, 2009. My fiance and I are looking to sell my condo and buy a house, but are relying on the sale of the condo for a down payment.
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In the days before the housing crisis of the Great Recession, it was easier to leverage a first home purchase to finance a second home. These days, lenders are more conservative when deciding whether to issue loans for second homes. But as you know, the interest on your mortgage is just a piece of the puzzle.
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