Theres a misconception going around that you have to put 20% of the purchase price down when you buy a home. But the truth is, many people dont put down that much unless theyre trying to make their offer more competitive.
And if you want to give your savings a boost, look into down payment assistance. Most first-time buyers qualify and the typical benefit is $17,000.
To learn more about loan options or down payment assistance programs, connect with a trusted lender and check out downpaymentresource.com.
The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.
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