The Truth About Down Payments

Dated: December 20 2024

Views: 37

The Truth About Down Payments




a screenshot of a phone

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. There are thousands of programs that offer an average benefit of nearly $17,000.
  • To learn more about loan options or down payment assistance programs, connect with a trusted lender and check out downpaymentresource.com.
Blog author image

Christopher Bravata

I've dedicated my real estate career with connections to our "Heroes". Who are our Heroes?Ā Those in the professions of the US Military, Police, Fire, Education, Medical, and Social Services, who self....

Latest Blog Posts

Think Nobody's Buying Homes Right Now? Think Again.

If you’ve been thinking about selling, you’ve probably seen plenty of headlines suggesting buyers have just about disappeared. But there’s a big difference between a slow market

Read More

What To Expect from the Housing Market in the Second Half of 2026

If the first half of this year has left you feeling stuck, you’re not the only one. Mortgage rates stayed higher than people wanted. Affordability remained tight. And uncertainty overseas

Read More

What Buying or Selling a Home Gives Back to Your Community

Buying or selling a home is a big financial decision. And right now, it feels even bigger. Inflation is high, costs are high, and you want to be sure the timing is right before you make your move.

Read More

Down Payments Are Smaller Than They’ve Been Since 2021

Saving for a down payment can feel like the hardest part of buying a home. And with affordability as tight as it’s been lately, it’s fair to wonder how anyone manages it right now. Here

Read More