Reported 2 days ago
A down payment for a house can vary widely based on the loan type, with some mortgages requiring as little as 3% down, while others may demand 10% or more. The median down payment among all homebuyers in 2024 was 18%, with first-time buyers at 9%. While a traditional 20% down payment is often cited, many buyers opt for lower amounts, especially with options like FHA and VA loans which may have no down payment requirement. It's important to assess personal financial goals and situations when deciding on the appropriate down payment.
Source: YAHOO