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It can seriously hinder the quality of your bid however. If you're putting 5% down and competing against people putting 20% or even straight cash you're in seri

• aptwebapps 9y ago
  Why would the size of the downpayment affect your bid? Isn't that between you and your loan officer? Does it affect how the seller gets paid?
  • jghn 9y ago
    Regardless of reality, sellers see the buyers as being less serious and/or more likely to back out of a deal with a lower down payment. As someone who bought their house with a smaller than normal down payment it was quite frustrating. I wound up starting to bid much higher than I wanted in an effort to put more room between myself and normal down payments Note that this only really matters in a hot market where sellers can pick and choose