Mortgage Downpayment

How Can You Benefit From the Down Payment Assistance Program?

On average, first-time home buyers in the USA need a 13% down payment. The median home price in the USA is $432,903. This means you’ll need around $55,000 for a down payment. Down Payment Assistance...

6 mins readJan 30, 2025
How Down Payment Assistance Programs Can Help You Buy a Home

What Is a Down Payment and How Much Do You Need?

A down payment is an upfront fee that is part of the total purchase price of the property. The lender does not pay for the down...

4 mins readDec 16, 2024
What Is a Down Payment and How Does It Affect Home Buying

How to Buy a Second Home Without a Down Payment

Discover how to buy a second home with no down payment. 1. Government-backed loans 2. Use Home Equity 3. Consider Rent-to-Own...

8 mins readNov 11, 2024
How to Buy a Second Home Without a Down Payment

What Are the Requirements of an FHA Loan Down Payment?

Minimum FHA down payment requirement is 3.5% for eligible individuals. Explore qualifying options for low down payment...

6 mins readNov 11, 2024
FHA Loan Down Payment Requirements

Average Down Payment on a House: Do You Need to Pay 20%?

The average down payment on a house varies by region and may not be your down payment. However, it has a significant impact on loan type, interest rates, and...

5 mins readNov 11, 2024
What Is the Average Down Payment on a House in 2023

How Much Down Payment for a House Do You Need in 2024?

Down payment requirements, which vary from 3% to 20%, are a major obstacle for many potential home buyers. For example, on a median-priced $432,849 home in Q3 2024, this amounts to $12,985 to $86,570 in down...

4 mins readNov 11, 2024
How Much Down Payment Is Needed for a House