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When Is a House Down Payment Due and How Much Do I Need?

HomeLight

The down payment on a home gets your foot in the door, and the mortgage lets you move in. It’s the first financial move you’ll make in securing your new home purchase. And it’s a lot of money, so you’re probably wondering: When do you actually have to give the down payment to the seller? Let’s jump in!

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Your Guide to Buying a Home in the Sunshine State of Florida

HomeLight

Raymer says that for her clients, especially first-time buyers, she suggests an FHA loan, which only requires 3.5% FHA is really one of the best options,” she advises. She adds that Florida also has numerous down payment assistance programs, many of which are tied to state bond money. Get preapproved for a mortgage.