How Much Do You REALLY need for a down payment?

This is a topic rooted deeply in well-intentioned misinformation. Long gone are the days of needing 20 percent down in order to buy a home. What great news, right?! For many, knowing how much you really need, or should, put down to buy a home can lower the barriers to potential home ownership—and that is truly empowering!

Today’s median down payment is much lower than you think. For some as low as zero down. Yes! You heard that right.

Of course, while there are benefits to putting more money down on a loan, that isn’t the hard and fast rule anymore.

If you’re interested in learning more about low down payment options, there are several places to go. There are programs for qualified buyers with down payments as low as 3.5%. There are also options like VA loans and USDA loans with no down payment requirements for qualified applicants.

Reach out to one of our agents today to learn more about your options and begin the home-buying process. We can’t wait to work with you!
 

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