If you’re planning to buy your next home soon, you’ve probably heard the old rule about saving 20% for your down payment. The truth is, you usually don’t have to. Plenty of loan options let qualified buyers put down much less. But a lot of repeat buyers are choosing to put down 20% anyway. So, why are […]
down payment
How to Buy a Home with Little or No Money Down
For many aspiring homeowners, one belief keeps them from taking the first step: “I need tens of thousands of dollars saved for a down payment.” The good news? That isn’t always the case. Today, there are financing programs that allow qualified buyers to purchase a home with a very low down payment—and in some cases, even no […]
Down Payments Are Smaller Than They’ve Been Since 2021
Saving for a down payment can feel like the hardest part of buying a home. And with affordability as tight as it’s been lately, it’s fair to wonder how anyone manages it right now. Here’s something you may not have seen coming. Some people are getting their foot in the door with a smaller down payment. According to Realtor.com, […]
What You Really Need To Know About Down Payments
What You Really Need To Know About Down Payments If you’ve been holding off on buying a home because you think you need to save up a 20% down payment, you’re not alone. This is one of the most common myths in real estate today. While putting 20% down can help you avoid private mortgage […]
The 20% Down Payment Myth, Debunked
The 20% Down Payment Myth, Debunked Saving up to buy a home can feel a little intimidating, especially right now. And for many first-time buyers, the idea that you have to put 20% down can feel like a major roadblock. But that’s actually a common misconception. Here’s the truth. Do You Really Have To Put […]
