Many people believe you need to put down 20% of the purchase price when you buy a home. However, recent homebuyers actually put down far less on their purchase.
Some Highlights
-
Lower Down Payment Reality: With programs like FHA loans, VA loans, and USDA loans, some qualified buyers are able to put down as little as 0-3.5%.
-
Financial Readiness: Understanding these options can help you realize you might be ready to buy a home sooner rather than later.