Home Buying Advice

Common Downpayment Amount for First-Time Buyers is 3-5%

What is the average down payment amount among first-time home buyers? Well, it varies among regions, states, and neighborhoods. Don't let the national 15% down payment 'average' throw you off.  

The challenge of coming up with a substantial down payment should not keep you from taking the steps to own your own home. There are so many different programs with varying requirements, from low down payment loans to subsidies, monetary gifts from relatives, and zero-down payment options for veterans.