Myths and Facts About Buying Your First Home

Myth #3: I don’t have the money for the down payment.

Fact: There are a wide variety of down payment options available for you.

While many people believe that making a home purchase requires a substantial down payment, as much as 20 percent, this is seldom true. As a first-time buyer, options are always available to you that require much less than this number, some as low as .5 percent, some even less. Don’t let the lack of a substantial down payment prevent you from investing your home-purchasing opportunities.