Your Top 11 Questions About Down Payments, Answered (Including: What’s an Average Down Payment?)
HomeLight
NOVEMBER 29, 2021
A down payment is money that a buyer will pay at closing, usually expressed as a percentage of the home’s total purchase price. With so many DPA programs, you’ll want to consult with someone who will know them best — your loan officer. What types of mortgage loans are there? Conventional loans.
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