Typically, down payments range from 3% to 20% of the home’s purchase price. Some loan programs, like FHA loans, allow for lower down payments, while putting down 20% or more can help you avoid private mortgage insurance (PMI).
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Typically, down payments range from 3% to 20% of the home’s purchase price. Some loan programs, like FHA loans, allow for lower down payments, while putting down 20% or more can help you avoid private mortgage insurance (PMI).