As you set out on your home buying journey, you likely have a plan in place, and you’re working on saving for your purchase. But do you know how much you actually need for your down payment?
If you think you have to put 20% down, you may have set your goal based on a common misconception.
To understand your options, you need to do your homework. If you’re interested in learning more about down payment assistance programs, information is available through sites like Down Payment Resources.
Be sure to also work with a real estate advisor from the start to learn what you may qualify for in the homebuying process.