The Truth About Down Payments
Think you have to put 20% down when you buy a house? Think again. Unless it’s specified by your loan type or lender, you don’t always have to. And the truth is, most homebuyers don’t.
The median down payment for first-time buyers is 9% -- but most of the time you don’t even have to put that much down.
And if you want to give your savings a boost, check out the growing number of down payment assistance programs. On average, they provide about $17,000 to qualified buyers.
Want to learn more? Reach out to a trusted lender.
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