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What Is Down Payment Assistance?

Published 3 months ago

When you buy a home, you’ll usually have to put money down that’s equal to a percentage of your home’s final purchase price. This is called your down payment. The amount you’ll need will vary and some mortgage programs require no down payment at all. While there are variations, coming up with this cash is often a difficult hurdle for buyers. As the name suggests, down payment assistance helps you cover your down payment as a first-time home buyer.

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