The amount of money that you need for a down payment on a home depends on your situation. If you have a VA loan or other government-insured loan, you actually might not need a down payment at all.
Typically, first-time homebuyers will need anywhere from 3% to 5% upfront. That’s roughly $12,000 to $14,000 on a $250,000 house. If you want to avoid paying mortgage insurance, you'll need to put 20% down.
As you can see, there are a lot of options. If you have questions for us about the down payment options you qualify for as a homebuyer or anything else related to real estate, don’t hesitate to reach out via phone, email, or through our website. We look forward to hearing from you soon.
Your profile is almost complete! Just a few more details from you.
By digitally signing this form you are providing with your express written consent to send you business and marketing communications via text messages (SMS), email, and by calls or prerecorded messages dialed by a natural person or by an automatic or automated telephone dialing system. This express written consent applies to each such email address or telephone number that you provide to us now or in the future and permits such communications regardless of their purpose, unless you opt out of SMS marketing communication when submitting this form. Consent not required to register. Message frequency varies, message and data rates may apply. Text STOP to cancel, call for help.
By digitally signing this form you are providing with your express written consent to send you business and marketing communications via text messages (SMS), email, and by calls or prerecorded messages dialed by a natural person or by an automatic or automated telephone dialing system. This express written consent applies to each such email address or telephone number that you provide to us now or in the future and permits such communications regardless of their purpose, unless you opt out of SMS marketing communication when submitting this form. Consent not required to register. Message frequency varies, message and data rates may apply. Text STOP to cancel, call for help.
