Forget What You Know About Down Payments

How much money have you been assuming you'll need to put down to buy a home?

20% of the home's cost? 15%? 10%?

Turns out, for first time buyers, the typical down payment isn't quite so big. Over the past few years, the National Association of Realtors has found that the median down payment is just 6 percent and there are mortgage options available that only require a 3.5% down payment.

Your down payment doesn't have to be daunting. Let's chat about your options.