The Benefits Of A 20 Percent Down Payment

The Benefits Of A 20 Percent Down Payment

Image title


If you are in the market to buy a home this year, you may be confused about how much money you need to come up with for your down payment. Many people you talk to will tell you that you need to save 20% or you won’t be able to secure a mortgage.

The truth is that there are many programs available that let you put down as little as 3%. Those who have served our country could qualify for a Veterans Affairs Home Loan (VA) without needing a down payment.

These programs have cut the savings time that many families would need to compile a large down payment from five or more years down to a year or two. This allows them to start building family wealth sooner.

So then, why do so many people believe that they need a 20% down payment to buy a home? There has to be a reason! Today, we want to talk about four reasons why putting 20% down is a good plan, if you can afford it.

Read More Here...


Lance Whipple PA Headshot
Author:
Phone: 407-494-6030
Dated: May 8th 2019
Views: 166
About Lance: My name is Lance Whipple and I help first-time homebuyers, international investors, “active adults...

Property Search









RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

USDA LOANS - United States Department of
10193 Springs Shores Dr - 10193 Springs Shores Dr, Winter
Considering Purchasing A Newly Constructed Home - I'm Your Certified New Home-
You Need More Than A Guide You Need A Sherpa - In a normal housing market,

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

EXIT Realty Champions
7830 Lake Wilson Road
Davenport, FL
863-292-6217
321-445-5568

Other Locations