The Truth 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. There are thousands of programs that offer an average benefit of nearly $17,000.
- To learn more about loan options or down payment assistance programs, connect with a trusted lender and check out downpaymentresource.com.
Recent Posts
What Everyone’s Getting Wrong About the Rise in New Home Inventory
History Shows the Housing Market Always Recovers
Should You Still Expect a Bidding War?
From Frenzy to Breathing Room: Buyers Finally Have Time Again
Condos Could Be a Win for Today’s Buyers
More Contracts Are Falling Through. Here’s How To Get Ahead.
Is It Better To Buy Now or Wait for Lower Mortgage Rates? Here’s the Tradeoff
Are These Myths About Buying a Newly Built Home Holding You Back?
What You Need To Know About Concessions
Online Home-Buying Search Terms Recently Hit 2-Year High
Filters Reset
Save Snapshot
View Results
MARKET SNAPSHOT
(JUL 31, 2025 - AUG 30, 2025)
MARKET SNAPSHOT
?
Sold Listings
?
Average Sales Price
?
Average Days on Market
"My job is to find and attract trusted local professionals, protect the leadership culture, and make sure everyone is happy! "
3609 Shepherd Hills Drive, Bloomington, Minnesota, 55431, USA