How Much Money Will You Need for a Down Payment on a House?


Many people, especially first-time homebuyers, often ask me how much money they need to save for a down payment. Well, according to studies conducted by the National Association of Realtors, the average down payment is around 6%. However, there are certain programs that allow for buyers to put even less money down. Some programs even allow buyers to forgo a down payment altogether. To learn more, watch this short video.

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