The First Heritage Realty Blog
What You Really Need To Know About Down Payments

Some Highlights
- 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. Most first-time buyers qualify and the typical benefit is $17,000.
- To learn more about loan options or down payment assistance programs, connect with a trusted lender and check out downpaymentresource.com.
Categories
Recent Posts

Is It Better To Buy Now or Wait for Lower Mortgage Rates? Here’s the Tradeoff

Are These Myths About Buying a Newly Built Home Holding You Back?
What You Need To Know About Concessions

Online Home-Buying Search Terms Recently Hit 2-Year High

Why Selling Without an Agent Can Cost You More Than You Think

A Second Home Might Be the Missing Piece in Your Retirement Plan

3 Advantages of Buying a Newly Built Home Today

The Truth About Down Payments (It’s Not What You Think)

The 3 Things You Risk by Pricing Too High

What Credit Score Do You Really Need To Buy a Home?