How much down payment is required for mortgage finance? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

How much down payment is required for mortgage finance?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

In the subsidised initiatives: it starts from 10% for low-income buyers, and 15% to 20% for middle-income buyers. In regular (commercial) mortgage finance, the bank asks for a down payment ranging between 20% and 40% of the value of the property as a minimum.

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