The Truth About Down Payments

In this Article...

If you're considering buying a home in Savannah, knowing the facts about down payments can ease your journey. Contrary to popular belief, a 20% down payment isn't always necessary. EBRSavannah, a brokerage devoted to assisting home buyers, highlights various assistance programs that offer substantial benefits, potentially averaging $17,000, to help you boost your savings. Connect with a trusted lender to explore your options further.

The Truth About Down Payments

Some Highlights

• There’s 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 don’t put down that much unless they’re trying to make their offer more competitive.
• And if you want to give your savings a boost, look into down payment assistance. There are thousands of programs that offer an average benefit of nearly $17,000.
• To learn more about loan options or down payment assistance programs, connect with a trusted lender and check out downpaymentresource.com.