How Much Money Do You Need to Buy a House in 2024?
Credit Corp
MARCH 25, 2024
Mortgage companies, credit unions, and banks offer conventional loans, though they might require a down payment between 20% and 25% of a property’s sales price. Lenders might request that you purchase private mortgage insurance (PMI) if your down payment is less than 20%. If problems are discovered, buyers can back out of a deal.
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