6 Smart Ways to Raise Money for a Down Payment

How much money do you really need upfront to buy a home? Well, let’s see. Conforming loans require a minimum of 3 percent down. FHA requires 3.5 percent, and VA and USDA loans don’t require a dime. Once down payment is squared away, you have to factor in closing costs and money squirreled away in…

The Happy Truth About Down Payments

Coming up with a significant down payment may seem like the absolute worst, and may be the reason why, according to Zillow.com’s first-time home buyers survey, the median down payment is only 10 percent. What down payment is right for you? Only you know how many payments (mortgage, other bills, added expenses of homeownership) you can…