Comment on 1 Essential You Need to Know About 3% Down Mortgages

1 Essential You Need to Know About 3% Down Mortgages

The median new-home sales price now sits at $296,200. Many Americans have a hard enough time saving a few thousand dollars for an emergency fund, so coming up with a 20% down payment (a common requirement among banks) isn't financially feasible for most. This is one reason why 3% down-payment mortgages are popular options for homebuyers.

 

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