The Truth About Down Payments

In this Article...

Navigating the path to homeownership in Blue Ridge and the Northeast Georgia mountains can be daunting, especially with misconceptions about down payments. Mountain Place Realty, led by Broker Rhonda Thomas Haight, and her team of skilled agents offer invaluable insights and guidance, helping you explore options beyond the assumed 20% down payment. With their expertise, you can uncover various assistance programs and loan alternatives tailored to your needs.

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.