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Unbelievable: How Little You Need to Start Your Homeownership Journey!

Are you ready to start your homeownership journey? In this video, I will show you how little you need to start your home ownership journey! The down payment amount required by lenders varies based on several factors, including the home's purchase price, the type of mortgage, and the lender's requirements. While some lenders require a minimum down payment of 20%, others may allow as little as a 3.5% down payment, depending on the type of loan. In this video, we'll explore the benefits of a larger down payment and how it can help you qualify for a better interest rate and a lower monthly mortgage payment. We'll also discuss how different types of loans, such as conventional and government-backed loans, have varying down payment requirements. If you're in the market to buy a home, understanding the down payment requirement is an essential step in the process. Watch this video to learn more about how much down payment you need to buy a home and how to navigate the process of obtaining a mortgage loan.