Lilly Rockwell
Coldwell Banker Realty

Money for a Down Payment

For many buyers, particularly first-time homebuyers, saving enough money for a down payment is one of the toughest hurdles to home ownership.

Typically the minimum needed for a down payment is 3 percent of the purchase price. For a $300,000 home, that's $9,000. 

The good news is there are several programs to help people come up with money for a down payment. And some people, such as military veterans, are often eligible for obtaining loans without a down payment. Find out if you're eligible for down payment assistance by clicking the logo below.