down payment Archives

Couple reviewing mortgage documents with a loan officer while preparing to use gift funds for a home purchase.

Gift Letter for a Mortgage: How to Use Gift Funds for Your Down Payment

Learn how mortgage gift letters work, who can give gift funds, what documentation you need and how to use gift money for a down payment.

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What Is the Average Down Payment on a House?

Curious what the average down payment is on a house? Learn how factors like home price, loan type, and location influence what you need to save in this guide.

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First-time homebuyers calculating how much down payment is needed on a house.

Down Payment: How Much Do You Need for a House?

Are you ready to make the move? For many Americans, getting ready to buy a house is an exciting time you should enjoy. And often, your next step involves coming up with the down payment.

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Exterior of street filled with owner-occupied, multi-family homes of 2-4 unit properties

Fannie Mae’s 5% Down Payment for Multi-Family Homes

Discover Fannie Mae’s 5% down payment loan for multi-family homes. Learn program benefits and qualifications needed for homebuyers to start building home equity.

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Family sitting on a couch looking to purchase a house.

Can You Buy a House with No Money Down?

Looking to buy a home and have no money for down payment? Find out how you can get a mortgage with no money down and what loan options you have.

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