While the "20% down" rule is a common myth, most buyers today use low-down-payment options.
Buying a house is more than just the down payment. In , homebuyers should generally prepare to have 7% to 15% of the home's purchase price available in liquid cash to cover various upfront costs. 1. The Down Payment: Your Largest Upfront Cost
: Typically require as little as 3% to 5% down for qualified first-time buyers.
While the "20% down" rule is a common myth, most buyers today use low-down-payment options.
Buying a house is more than just the down payment. In , homebuyers should generally prepare to have 7% to 15% of the home's purchase price available in liquid cash to cover various upfront costs. 1. The Down Payment: Your Largest Upfront Cost
: Typically require as little as 3% to 5% down for qualified first-time buyers.