The Truth About Down Payments

by Sophia (Zhengping Qi) Lin

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.