What You Really Need To Know About Down Payments

In this Article...

Navigating the world of home buying in the Blue Ridge and northeast Georgia mountains can be daunting, especially when it comes to understanding down payments. Many believe a 20% down payment is mandatory, but this isn't always the case. Mountain Place Realty, led by Broker Rhonda Thomas Haight, offers invaluable guidance. Her team of seasoned agents is dedicated to helping clients explore various loan options and down payment assistance programs, ensuring a smoother path to home ownership.

What You Really Need To Know About Down Payments

Some Highlights

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