The Minimum Down Payment Required

Here’s why the right answer is so important for you to know. A lot people overestimate how much they really need to save for a down payment. The most common answers? 10 or 20%. The truth: you may be able to put down as little as 3%. According to FirstHomeIQ, only 8 out of 100 people actually get this right. Don’t let misinformation hold you back. What did you guess? Drop a comment below. And if you want more information, talk to a trusted lender.