For example, if you need $30,000 for a down payment, you could aim to save $5,000 every six months. By breaking it down, the process becomes less overwhelming and more achievable. 2.

Don’t pass up down payment assistance and gifts. Depending on your income, you might be eligible for down payment assistance through your state’s housing finance agency, your bank or a nonprofit.

These days, all you really need for a down payment is 3% - 5% of the home’s purchase price. That said, if you aim for a higher number - like the traditional 20% - you’ll be able to avoid ...

A low-down-payment mortgage can put you on the fast track to homeownership if you lack the funds to make a bigger payment, and there are several options available.

MarketWatch.com Down-payment assistance may not make borrowers more likely to default on their mortgages, after all Previous research suggested down-payment assistance increased the odds of ...

TOLEDO, Ohio — If you're looking to purchase a home but you can't come up with enough money for a down payment, the City of Toledo is reminding you about an option that could help you.

In 2024, buyers' down payment averaged $29,900, or 14.4% of the purchase price, marking the highest figures since tracking began.