The Truth About Down Payments
Do you think you have to put 20% down when you buy a house? Think again. Unless it’s specified by your loan type or lender, you don’t always have to. And the truth is, most homebuyers don’t. The median down payment for first-time buyers is 9% — but most of the time, you don’t even have to put that much down. And if you want to give your savings a boost, check out the growing number of down payment assistance programs. On average, they provide about $17,000 to qualified buyers. Want to learn more? Let’s connect to explore your options today.
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I’m Joe Peters, a twenty-plus-year real estate agent with Coldwell Banker Residential Brokerage. I work with people that want to buy or sell a home (or both) in Hunterdon or Somerset County, NJ. Clients rely on me for in-depth market and neighborhood insights and smooth real estate transactions. My access to big data through Coldwell Banker, plus current technology and marketing skills, give clients a unique advantage.
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