For example, if you need $30,000 for a down payment, you could aim to save $5,000 every six months. By breaking it down, the process becomes less overwhelming and more achievable. 2.

Don’t pass up down payment assistance and gifts. Depending on your income, you might be eligible for down payment assistance through your state’s housing finance agency, your bank or a nonprofit.

Learn how down payment assistance programs are making homeownership a reality for many. Discover the benefits and resources available.

In 2024, buyers' down payment averaged $29,900, or 14.4% of the purchase price, marking the highest figures since tracking began.

Don't focus on a 20% down payment: Saving up enough money for a 20% down payment is hard, especially given home prices. But 20% is not required and most people don't put that much down.

Down Payment Resource reported an increase in first-time buyer assistance programs for each quarter of this year. But with the election season winding down and mortgage rates continuing to ...

The median U.S. home price in early 2025 is $398,400, with projections reaching $410,700 by end of year. First-time buyers are putting down a median of about 9% -- roughly $35,856. Repeat buyers ...

Key takeaways. Down payments reduce the amount of money you must borrow and, thus, the interest you pay while repaying your car loan. Experts recommend a down payment of at least 20 percent.