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  2. What is a down payment? - AOL

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

    A down payment on a house is the portion of the home’s purchase price not paid for with a mortgage. The more money you put down, the less you’ll borrow for the mortgage and the more home ...

  3. How much is a down payment on a house? - AOL

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

    Here are some examples of how much the down payment on a house would be at different price points: Median home price* 3% down. 9% down. 18% down. 20% down. Midwest: $298,600. $8,958. $26,874.

  4. 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 .

  5. Here's How Much of a Down Payment You Need to Buy a House - AOL

    www.aol.com/heres-much-down-payment-buy...

    The minimum down payment for an FHA loan is just 3.5% if you have a credit score of at least 580, and some lenders offering conventional loans (those not guaranteed by the government) will allow ...

  6. Mortgage - Wikipedia

    en.wikipedia.org/wiki/Mortgage

    This down payment may be expressed as a portion of the value of the property (see below for a definition of this term). The loan to value ratio (or LTV) is the size of the loan against the value of the property. Therefore, a mortgage loan in which the purchaser has made a down payment of 20% has a loan to value ratio of 80%.

  7. How much should a house down payment be? - AOL

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

    If you’re a first-time homebuyer feeling worried by the 20% down payment guidance commonly quoted, know that a down payment can actually be much lower—for example, 3% to 5% depending on loan ...

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

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

    The typical down payment for a first-time homebuyer was a median of 9 percent in 2024, according to the National Association of Realtors (NAR). For a $400,000 home, a 9 percent down payment totals ...

  9. 10 Things You Must Do Before You Put a Down Payment on a House

    www.aol.com/10-things-must-put-down-110031327.html

    Make Sure You Can Put Down 20% “If you can put a 20% down payment on the house you are buying, you will be able to save the cost of private mortgage insurance,” said Vida Jatulis, CFP, a ...

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