What is a Down Payment?
Channel: Brenda Casas Mortgage
Date: 2023-04-18

One of the first questions you may have about buying a home is about the down payment. 🏠💰 A down payment is the amount of money you put towards the purchase price of a home, which can reduce the amount you need to borrow. If you're applying for an FHA loan, you may need a minimum down payment, while conventional loans may require a down payment between a certain range. And did you know that with a VA loan, you may not need any down payment at all? Speak with a trusted professional to learn more about your options and make informed decisions. 
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