Down Payments

First-time home buyers in Washington tend to have a lot of questions about down payment requirements for a mortgage loan. One of the most common questions is, what types of funds can I use toward my down payment? In this article, we will talk about some of the acceptable sources for down payment funds, when using a mortgage loan in Washington State.'

Wondering how to come up with the down payment for your hoped for first home? Don’t tap that IRA account quite yet; you could be endangering your retirement.'

Summary: A down payment is needed to secure a mortgage to purchase a home. But down payment amounts can range a great deal, anywhere from 3% to 20% or more. There are even some zero down payment options available. The…'

Your down payment is an integral part of the mortgage and home-buying process. So why not figure out the average amount you can put down when considering a purchase in WA State’s major metro areas.'

Summary: The down payment is often the biggest out-of-pocket expense for home buyers in Washington State, and it usually has to be paid upfront at the closing. In this article, we will take a look at down payment gifts in Washington…'

A down payment is an important part of the mortgage process. Depending on the mortgage type, purchase price of the home, and your financial profile, the down payment amount will vary. Regardless, it’s a hefty amount. In this article, we’ll offer some tips to help you save for your down payment.'