What You Really Need To Know About Down Payments
Some Highlights
- There’s a misconception going around that you have to put 20% of the purchase price down when you buy a home. But the truth is, many people don’t put down that much unless they’re trying to make their offer more competitive.
- And if you want to give your savings a boost, look into down payment assistance. Most first-time buyers qualify and the typical benefit is $17,000.
- To learn more about loan options or down payment assistance programs, connect with a trusted lender and check out downpaymentresource.com.
Categories
Recent Posts
Looking ahead, all eyes are on the Fed’s meeting this Wednesday. A 0.25% rate cut is essentially locked in and already factored into today’s mortgage rates. 📉🏡
What a Fed Rate Cut Could Mean for Mortgage Rates
Kitchen Remodel Return on Investment for Sellers
Here’s how to get a better mortgage rate as the 30-year fixed nears a 1-year low
Social Security cost-of-living adjustment may be slightly higher in 2026, estimates find. What that means for retirees