What You Really Need To Know About Down Payments

Posted by Richard Newman on Tuesday, June 17th, 2025 at 9:43am.

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 your loan options or down payment assistance programs, connect with a trusted lender and check out downpaymentresource.com.