Before Putting 20% Down on Your Home Purchase, Read This

Posted By Gracen Tilton @ Jun 21st 2021 12:01pm In: Charleston SC Real Estate

First things first: The idea that you have to put 20 percent down on a house is a myth.

The average first-time home buyer puts just 6% down, and certain loan programs allow as little as 3% or even zero down. 

You shouldn’t think it’s conservative to make a large down payment on a home, or risky to make a small down payment. The right amount depends on your current savings and your home buying goals. 

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

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