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 your loan options or down payment assistance programs, connect with a trusted lender and check out downpaymentresource.com.