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).
Our hearts are with everyone affected by the recent, devastating floods. Hawaii State FCU members who have been directly impacted by the floods or government shutdown can visit our Emergency Member Relief Program page for more information on assistance options.
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).