Community FAQ
How much down payment do I need to buy a home in Belleville?
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You'll need at least 5% down for homes under $500,000. For homes over that price, expect to put down 10% or more. If you can put down 20%, you'll avoid CMHC mortgage insurance, which can save you thousands over the life of your mortgage.
Answered by Terri Gulliver, DLC National - The Gulliver Team. Based on Buying a Home in Belleville, Ontario: What You Need to Know (Especially About Financing!).