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James Johnson

Mortgage Loan Consultant

Minimum Down Payments

You’ve probably already heard from someone you know that they put a certain percentage toward a down payment when purchasing their home. But was their down payment the minimum required? If someone wanted to, they could put a down payment of 50% or more. There are so many factors that can go into someone’s decision when considering how much of their down payment.

However, there are minimum requirements and suprisngly there are a lot of people who are unclear on the minimums. Check out this quiz and see if you’re on the right track.

TIP: You can check out down payment assistant programs in your area by going to the resource section of my homepage.

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