How Much Down Payment Is Needed

If you’re thinking about buying a home, you’re probably wondering how much money is needed for a down payment. If you’re like most first-time buyers, coming up with a large chunk of money isn’t an option. Luckily, you’ve got access to the Employee Homeownership Program. Currently, through the program, you can buy a home with no money down or a very low-down-payment if you qualify. The amount you’ll need for a down payment depends on the type of loan you choose and there’s no one-size-fits-all down payment program.

If affordability is on your mind and If you’re interested in learning more about low and zero down payment programs that you may qualify for, your homeownership advisor through your Employee Homeownership Program can help you decide which option is best for you personally.

Bottom Line: Thanks to a range of down payment programs, affordable options are out there for today’s hopeful homebuyers. It’s important to understand the home buying process so you can accomplish your real estate goals. Contact your homeownership advisor to get you started on the path to your dream home.