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New England Title & Escrow Services | Massachusetts Real Estate Attorney | Blog

New England Title | Massachusetts Real Estate Attorney | Blog

 

What you need to know about the New England real estate and lending market.

How to Save Money for a Down Payment

May 06, 2019

As a prospective home-buyer who will be considering a mortgage, you will have to determine how to come up with a down payment for your new house.    The standard down payment for a conventional loan is 20 percent; however, there are other loans that might be available to you, such as the FHA loan, in which you might only be required to put down 3.5 to 5 percent of the purchase price. 

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