
Down payment on a house is a percentage of the value of the house you are buying. In most cases, home buyers are required to pay down 20% of the value. Generally, the size of a home down payment ranges from 3 to 20 percent. Down payment assistance programs are intended for helping potential home buyers, as well as those willing to purchase other luxury objects, build up an amount of money to cover part of the total value.
Mortgage Down Payment Requirements
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