Down Payment

The cash down payment you make is usually 3.5% to 20% of the sales price of the home. In general, the larger the down payment, the lower the monthly payment. Also, additional costs such as private mortgage insurance, can be avoided with a 20% down payment.  I can help you determine the situation that benefits you the most.

Important note: Do not forget that you can get a gift for the down payment in most cases from a relative. However, please talk to me before receiving any gifts or transferring money.

Also, note that veterans can purchase a home with no down payment, although some other closing costs have to be paid at closing. Please talk to me about these other costs.

Need Down Payment Assistance?

If you are having trouble viewing this video, please try using Chrome or Firefox as your internet browser.

Learn about our down payment assistance programs.

Print Friendly, PDF & Email