What's The Typical Down Payment On A House?

Down payments on mortgage are usually much lower than most people think. What exactly is the typical down payment on a home?

The NAR says that the average mortgage down payment is 5% for first time homebuyers and 10% for repeat homebuyers.

But, that's not required, it's just the average...

So, how much do you need to put down on a house? Down payment, especially for first-time homebuyers are fairly low compared to the 20% down payment requirement myth.

In this video, we'll cover the down payment minimums for first-time homebuyers and repeat homebuyers alike.

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Hey, my name is Kyle and I'm a Loan Advisor serving Tennessee, Florida, and Ohio. I help you get a crystal-clear home loan so you can win the house you love.

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