How much money do we need for a downpayment on a new home?
The Federal Government, in association with the lending industry, has recently made purchasing a new home easier than ever. Programs are NOW available that allow new homebuyers the opportunity to purchase their home with as little as “zero” money down. Programs, such as this, have allowed people who otherwise may not have been able to purchase a home, the opportunity to enjoy the pride of ownership. Often times, the size of your downpayment will vary with the size and price range of the home you decide to build. Financial qualifications can also be a factor in the determination of downpayment requirements.
