Archive For October 18, 2016

The Average Down Payment Continues to Shrink

The Average Down Payment Continues to Shrink

Gone are the days of needing 20% down!  Instead, lenders are touting low down payment options for qualified borrowers, and some loans don’t even require a down payment.  For example, the popular FHA mortgage offers loans for just 3.5% down, and USDA and VA loans don’t require their borrowers to put any money down. Today, the average…

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