How much is the down payment for a second home?

1. How much is the down payment for a second home? In the case of a second home, a down payment of 50 is required to buy a second-hand house and require a loan.

2. In other cases, the down payment for a second-hand house loan is generally 30.

3. The down payment for a second-hand house loan is calculated based on the appraised price of the second-hand house. Usually, the appraised price of second-hand houses is mostly 80-90% of the market value. The older the house, the lower the appraised price. When applying for a down payment for a second-hand home loan, banks generally need to appraise the property first, and the appraised value is generally lower than the market value.

4. It is understood that for houses aged after 1998, when applying for a down payment of a second-hand house loan, you can enjoy a 70% loan percentage. For houses before 1998, the loan percentage is relatively small, and the loan percentage varies depending on the age, depending on the age of the house.