Search results for “Down Payment”


What You Need to Know About the 20% Down Payment Myth
July 19, 2021

What You Need to Know About the 20% Down Payment Myth

How Low Can You Go? Once upon a time, saving for a 20% down payment was an expected part of buying a home. However, the introduction of the FHA mortgage in the 1930s did away with this hefty savings r...


Mortgage Down Payment in 2022 - What You Need to Know
January 31, 2022

Mortgage Down Payment in 2022 - What You Need to Know

What is a Down Payment? A down payment is a percentage of the home’s purchase price that is paid in full at closing, upfront. (Hence why building up your savings is so important!) Additionally, it’s...


How to Save for a Down Payment While Working in the Gig Economy
June 7, 2019

How to Save for a Down Payment While Working in the Gig Economy

Set a Budget The very first thing any future homebuyer should do -- regardless of their career structure -- is to set a monthly budget. This enables you to determine how much you are capable of puttin...


What is the Average Down Payment for a House?
October 6, 2021

What is the Average Down Payment for a House?

Tip #1 Reduce Debt While you save some money for a down payment, you will also need to simultaneously maintain a good credit score. This is very important because it helps your chances of being appr...


Get Help with Your Down Payment and Closing Costs on Your First Home
November 23, 2020

Get Help with Your Down Payment and Closing Costs on Your First Home

With ever-increasing apartment rental rates and student loan payments to manage, 5 in 10 millennials consider coming up with a down payment a major barrier to owning a home. And that’s before closing ...


Can You Buy a House with No Money Down?
January 13, 2022

Can You Buy a House with No Money Down?

  Zero Down Option #1: The USDA Home Loan What is a USDA Loan? The U.S. Department of Agriculture offers a 100% financing mortgage. The program is also technically called a Section 502 mortgage, h...


Buying a House: Learn About What Goes Into Mortgage Payments
September 1, 2021

Buying a House: Learn About What Goes Into Mortgage Payments

Here’s How to Calculate Your Mortgage Payment While there are many costs associated with owning a home, let’s start with what exactly makes up a large portion of the cost – your mortgage payment. A...


The 2022 Guide to the VA Loan
January 10, 2022

The 2022 Guide to the VA Loan

Service Requirements for a VA Loan To find an in-depth explanation of the eligibility requirements for VA home loan programs, check out the U.S. Department of Veterans Affairs. You can find an abbrevi...


Tips on Home Buying with Student Loan Debt
October 29, 2021

Tips on Home Buying with Student Loan Debt

How Do Student Loans Impact Your Finances? Your credit score is one of several factors that lenders look at when evaluating your financial profile for a mortgage. It is determined by how much debt y...