top of page
TOCR Real Estate School

Do You Need to Put Down 20% to Purchase a Home?

While a down payment of 20% or more has advantages, the average buyer puts significantly less down. For qualified homebuyers, there are programs with down payments as little as 3.5 percent.  For qualifying applicants, options like as VA loans and USDA loans may mean no down payment.

If you put down less than 20%, you will be required to pay mortgage insurance, which protects the lender in the event of a loan default.


Interested in a career as a real estate agent? Visit www.tocrres.com/register to get started today.





5 views0 comments

Recent Posts

See All

Comments


bottom of page