When Is a House Down Payment Due and How Much Do I Need?
HomeLight
AUGUST 9, 2022
But that doesn’t mean the money will leave your account just yet. This means that on a $200,000 house, new buyers were putting up at least $12,000 and using a mortgage loan to cover the remaining balance. To make a long story very short, your down payment is officially due at the time of closing. Again, more on this later!).
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