how much down payment is needed – Real Estate

Down Payment Assistance Programs Can Help Pave the Way to Homeownership

Data from the National Association of Realtors shows that the median down payment for all homebuyers is 15%, and for first-time buyers, it’s even lower at 8%. Numerous down payment assistance programs exist, aiding not only first-time homebuyers but also repeat buyers. These options include federal loans with low or zero down payment requirements, and specific programs offering strategies and assistance for various demographics and professions. Local city-specific programs are also available, offering significant financial aid for both down payments and closing costs.

Saving for a Down Payment? Here’s What You Need To Know.

If you’re planning to buy your first home, then you’re probably focused on saving for all the costs involved in such a big purchase. One of the expenses that may be at the top of your mind is your down payment. If you’re intimidated by how much you need to save for that, it mayContinue reading “Saving for a Down Payment? Here’s What You Need To Know.”