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2. Down payment - Wikipedia

   en.wikipedia.org/wiki/Down_payment

   In accounting, a down payment (also called a deposit in British English) is an initial up-front partial payment for the purchase of expensive goods or services such as a car or a house. It is usually paid in cash or equivalent at the time of finalizing the transaction .

3. What is a down payment? - AOL

   www.aol.com/finance/down-payment-180952544.html

   What is the minimum down payment for a house? For conventional loans, the minimum mortgage down payment is 3 percent. FHA loans require a down payment of 3.5 percent with a credit score of 580 or ...

4. What is down payment assistance and how do you get it? - AOL

   www.aol.com/finance/down-payment-assistance...

   In reality, the average down payment for first-time homebuyers was just 8% in 2023, according to the National Association of Realtors. That's due, in part, to down payment assistance (DPA) programs.

5. Down payment assistance: How it works and how to get it - AOL

   www.aol.com/finance/mortgage-down-payment...

   Types of down payment assistance loans and programs Grants. A homebuyer grant is a type of down payment assistance that provides a one-time cash sum, often in the form of a no-interest second ...

6. What is the average down payment for first-time homebuyers? - AOL

   www.aol.com/finance/average-down-payment-first...

   Deferred payment loans: Like forgivable loans, a deferred payment loan is a second mortgage with a zero percent or low interest rate that you can use for a down payment. However, you’ll need to ...

7. How to save for a home down payment when rates are falling - AOL

   www.aol.com/finance/save-home-down-payment-rates...

   Down payment assistance is usually only available to first-time homebuyers and low- to moderate-income buyers, with the income threshold based on location. These programs are offered by state and ...

8. How Much Should You Save for a Down Payment on a House? - AOL

   www.aol.com/much-save-down-payment-house...

   A down payment is a one-time upfront payment you make toward the purchase of your home. Although there are exceptions, you can expect to pay a down payment of between 5% and 20% of the purchase price.

9. How to save for a down payment - AOL

   www.aol.com/finance/save-down-payment-202835260.html

   Bottom line. The down payment for a home purchase is a significant expense that often keeps many prospective homebuyers on the sidelines. You can save for a house by using high-yield savings and ...