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What Is Down Payment Assistance?

Shawn Beaudoin

Published 6 months ago

When you buy a home, you’ll usually have to put money down that’s equal to a percentage of your home’s final purchase price. This is called your down payment. The amount you’ll need will vary and some mortgage programs require no down payment at all. While there are variations, coming up with this cash is often a difficult hurdle for buyers. As the name suggests, down payment assistance helps you cover your down payment as a first-time home buyer.

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National Rate Averages

Conf. 30Y Fixed

5.42%
0.023

FHA 30Y Fixed

5.333%
0.005

Jumbo 30Y Fixed

5.163%
-0.169

Rate averages are calculated from actual locked rates. Learn more.

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Published 6 months ago

The Shawn Beaudoin Team @ Rockstar Home Loans, Tampa

Company NMLS# 227765

4301 W Boy Scout Blvd #170
Tampa, Florida 33607
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Florida
License #: MLD949 (Mortgage Lender License); MLD2037 (Mortgage Lender Servicer License)
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