Are there any mortgage loans that require less than 20% down?

I already own a house and now I want to buy my parents a house. Besides the programs for first-time homebuyers, are there mortgage loans out there that require less than 20% down?Are there any mortgage loans that require less than 20% down?
In the UK lenders are very slowly increasing % loans and it is now possible to borrow up to 90% with a few high st lenders.(eg RBS) However rates with low deposits are not particularly attractive. Not all lenders will lend if the property is to be occupied by a dependent relative.


You do not say if you have a mortgage yourself. If you have your earnings must cover both mortgages. If you do not have a mortgage, or even if you do, you could remortgage your own house to raise a larger deposit %26amp; qualify for lower rates. To get best advice speak to an independent mortgage adviser.Are there any mortgage loans that require less than 20% down?
Yes, with both conventional and FHA. The FHA will allow for 96.5% LTV or 3.5% down payment.





FHA rates are at an all time low.