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June 2025 • June 30, 2025

What You Really Need To Know about Down Payments

by Autumn Guoan

 

 

You’ve probably heard you need 20% down to buy a house – but that’s a common myth.

Most first-time buyers put down much less (the median is just 9%). And many also qualify for down payment assistance but never use it because they don’t realize it’s out there.

If your down payment feels like the biggest hurdle, talk to a lender. You may have more options (and help) than you think.

 

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