What You Really Need To Know About Down Payments
June 2025
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
Disclaimer: The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The Kathy Schmitt Team does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. The Kathy Schmitt Team will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
