Posts by tag: home financing

When buying a house for the first time, many people wonder if a 10% down payment is required. There are various financing options and loan types available, each with its unique requirements and benefits. This article explores the realities of down payments, discusses alternatives to the traditional 10%, and provides tips to help potential buyers plan their home purchase effectively. Understanding these options can empower first-time purchasers to make informed decisions about home ownership.

Virginia offers a variety of down payment assistance programs to aid first-time homebuyers in making their dreams of homeownership come true. These programs often provide financial support and grants that make affording a new home more manageable. This article explores key programs available in Virginia, eligibility requirements, and important tips to navigate homebuying. Discover how these programs can significantly reduce the financial barriers to purchasing your first home.