You May Not Need as Much as You Think for Your Down Payment

February 3, 2023

You May Not Need as Much as You Think for Your Down Payment

Down-payment infographic contrasts the 20% misconception with typical buyer down payments of 6%, 14%, and 17%.Infographic compares the 20% down-payment misconception with homebuyer averages of 6%, 14%, and 17%.

Some Highlights

  • Many people believe you need to put down 20% of the purchase price when you buy a home. But recent homebuyers actually put down far less on their purchase.
  • And with programs like FHA loans, VA loans, and USDA loans, some qualified buyers are able to put down as little as 0-3.5%.
  • Let’s connect to make sure you have a trusted lender and can find out if you’re ready to buy a home sooner rather than later.

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