Down Payment

There is an enduring myth about home ownership still making the rounds after many years. It says, “You should always make a down payment of at least 20%. That is the norm when buying a house.” But this isn’t exactly true, and we’ll explain in this article.'

A 20% down payment reassures the bank that if they had to foreclose on the property, the cash put up by the buyer would be enough to protect them. If the buyer wants to put less money down—let’s say 5% — they’ll still approve the loan, but only with some additional protection.'

Those who qualify for a VA loan will not have to make a down payment if they qualify when buying a home. Read on to find out more and to check out our loan limits tool.'

It can be tough to come up with a large down payment to buy a home in Seattle. But private mortgage insurance can ease that burden, and this article will explain how. '

If you’re thinking of buying a home in Oregon in 2022, you’ll want to choose the right mortgage type for you, as well as the appropriate down payment amount for a typical home in the state. '

Recent Study Found That 52% of Home Buyers in the WA State and U.s. Make Down Payments of Less Than 20% When Buying Property. Click Here To Find Out More.'