First time homebuyers have been told for years that the standard down payment on a home is 20%. Well, for today’s homebuyers, that simply isn’t an option. With the rising cost of education and living in general, saving $20K+ by the time you’re around 30 is just not in the cards. While it’s true that the more you put down on a home, the more you’ll save over the lifetime of the loan, having less than 20% down is not a dealbreaker. There are low and no down payment options available at local, state, and federal levels to help buyers get into homes. Want to know more about low down payment options? Let’s talk!
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