What Is the Average Down Payment On A House?
The average down payment isn't 20%. In fact, it's just 9% for first-time buyers. Here's how to reduce your down payment requirement when buying a home.
December 17, 2024 10 min read
The average down payment isn't 20%. In fact, it's just 9% for first-time buyers. Here's how to reduce your down payment requirement when buying a home.
FHA loans don't have income limits but you should know current income qualification rules for this popular program.
Thought you needed 20% down to buy a home? Or even 5%? How about 0%. Yes, these mortgages exist today.
Updated 2026 conventional loan requirements and guidelines.
USDA loans offer a variety of attractive features, such as zero required down payment and...
Appraisals are usually an unavoidable cost when buying a home. Here's how much they typically cost.
A balloon mortgage is a medium-term real estate loan that allows borrowers to make low...
First-time homebuyers have access to a variety of loan options, down payment assistance programs, and government-backed resources to make homeownership more affordable. From low-down-payment conventional loans to state, federal, and nonprofit programs, there are many ways to reduce upfront costs and find the right mortgage for your needs.
USDA loans require zero down payment, but closing costs are still required. Here's how much you might pay, and what the costs are for.
Mortgage points, also known as loan discount points, are fees you pay upfront to reduce...
