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In Charleston, South Carolina, understanding down payments is crucial for homebuyers. Realtor Charlotte Lemon from Charleston Home emphasizes that a 20% down payment isn't always necessary. With options like down payment assistance, first-time buyers can often secure benefits averaging $17,000. Consulting a trusted lender can provide insights into various loan options and assistance programs.
What You Really Need To Know About Down Payments
Some Highlights
- There’s a misconception going around that you have to put 20% of the purchase price down when you buy a home. But the truth is, many people don’t put down that much unless they’re trying to make their offer more competitive.
- And if you want to give your savings a boost, look into down payment assistance. Most first-time buyers qualify and the typical benefit is $17,000.
- To learn more about loan options or down payment assistance programs, connect with a trusted lender and check out downpaymentresource.com.
