First-Time Homebuyers Finding That They Don’t Need A Large Down Payment
Posted by Mark Cabal on Saturday, February 8, 2020 at 12:50 PM
By Mark Cabal / February 8, 2020
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First-Time Homebuyers Finding That They Don't Need A Large Down Payment
Many would-be buyers think that in order to make their dream of homeownership a reality, they need to have 20 percent of the home's purchase price to put down as a down payment. But, that's just not true. The truth is, the vast majority of first-time buyers are buying their homes with significantly less.
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