Your Top 11 Questions About Down Payments, Answered (Including: What’s an Average Down Payment?)
HomeLight
NOVEMBER 29, 2021
A down payment is money that a buyer will pay at closing, usually expressed as a percentage of the home’s total purchase price. FHA loans. A Federal Housing Administration (FHA) loan is a government-backed mortgage loan. USDA loans. Does it really have to be 20%?
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