Request a check on your situation
Request it here and I'll help you see what your down payment could look like.
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For many buyers, the down payment is less than they think.
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What's needed depends on the buyer's situation and the loan type.
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The honest answer comes from looking at your situation, not a rule of thumb.
How much do you really need to put down on a house? For a lot of people, it's way less than they think.
Travis Wright here, with eXp Realty. We'd love to buy, but we'll never save up a big down payment. Here's the good news. Most buyers don't put down anywhere near that much.
There are loans with small down payments, and some with none at all, depending on your situation. And with help on closing costs, the cash you need to get the keys can shrink a lot.
The right answer depends on you. Your income, your credit, and how long you plan to stay. So the first step is just finding out what you qualify for. Saving a huge down payment first is a lot like a New Year's resolution. Great idea, rarely happens.
Reply with the word DOWN, and I'll help you figure out how much cash you'd really need.
Rather just talk? Text me at (580) 647-0915
Travis Wright with eXp Realty
I help buyers and sellers in Lawton and the surrounding area with straight answers, honest price ranges, and zero pressure. Ask me anything. Seriously, I like questions.
OK License #206164 · 1146 NW Cache Rd, Lawton, OK · (580) 647-0915
Frequently Asked Questions
How much do I really need to put down?
For many people it's way less than they think. It depends on your situation.
Are there loans with small or no down payments?
Yes. There are loans with small down payments, and some with none at all, depending on your situation.
Can closing cost help change how much cash I need?
Yes. With help on closing costs, the cash you need to get the keys can shrink a lot.
What does the right answer depend on?
Your income, your credit, and how long you plan to stay. The first step is finding out what you qualify for.