Down Payment Misperceptions Persist

Posted By Gracen Tilton @ Nov 17th 2022 10:29am In: Charleston SC Real Estate

The majority of home buyers (87%) finance their home purchase. But some aspiring buyers may delay their purchase due to persistent myths over down payment requirements. One of the biggest misconceptions among housing consumers is what the typical down payment is and what amount is needed to enter homeownership. 

Having this knowledge is critical to know what to save and to estimate how long that may take. When financing a home, buyers typically put down a down payment, but how much?

Gracen Tilton | Marshall Walker Real Estate | 582 Rutledge Avenue | | 803-549-6318 

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