Cash is best, of course. But if you are financing, the pecking order in terms of buyer financing (from an ability to conclude the transaction) is this:
Large down payment, conventional financing.
20 percent down payment, conventional financing.
Minimal down payment, VA or FHA financing
Seller financing
Other ways to put your best financial foot forward are:
Include a preapproval letter, not a prequalification letter with the offer.
