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1 min read
Down payments are plunging in 10 places, giving homebuyers another affordability win
The median value paid up-front for a US house fell to $30,300 in the third quarter, $2,400 lower th…
James Faris
3 mins read
We gave our daughter $20,000 for a wedding, but she used it for a home down payment and paid for her own wedding. Everyone was happy.
A dad in Kansas said he and his wife gave their daughter a lump sum of $20,000 for her wedding, and…
Kelsey Vlamis
2 mins read
Harris to propose an economic plan that includes giving some first-time homebuyers up to $25k in down-payment support
Kamala Harris is set to announce her economic agenda, which includes several housing proposals, dur…
Erin Snodgrass
2 mins read
Homebuyers are flocking to a type of loan that offers a lower mortgage rate. But they often require bigger down payments, and lenders don't like to give them.
There's a rare type of mortgage loan gaining popularity among buyers seeking lower rates.
Jennifer Sor
4 mins read
A scammer conned us out of our $32,430 down payment by email. We didn't realize it until 10 days later.
Daniel Pietschnig and Jessica Madalena unknowingly wired their down payment for a house to a frauds…
Alcynna Lloyd
2 mins read
A third of Gen Z and millennial homebuyers plan to use family money for a down payment amid sky-high housing costs
With housing costs skyrocketing, even young adults with steady incomes often rely on their parents'…
Yuheng Zhan
2 mins read
How much the typical first-time home buyer puts toward a down payment and where they get the money
The typical first-time homebuyer is making a down payment less than 10% and is relying on savings t…
Jacob Zinkula
2 mins read
Most Americans who want to buy a home next year can't afford a 20% down payment
The median prospective homebuyer has a total of $29,000 in their savings, checking, investments and…
Kelsey Neubauer
2 mins read
The housing market has gotten so unaffordable that Zillow is now offering prospective homebuyers a 1% down payment option
The average 30-year fixed mortgage rate is now above 7%, which has tacked on an extra $1,000 in mon…
Matthew Fox
3 mins read
5 strategies that helped a 31-year-old travel to 27 countries and save for a home at the same time
Danielle Desir started small with $25 per paycheck in her travel fund and opened separate savings a…
Leo Aquino
4 mins read
I've been saving for a down payment for my first house. Now that my student-loan repayments are starting again, I have to put my dreams on hold.
The author was able to save money for a house during the student-loan pause. But now he has to pay …
Frank Olito
3 mins read
Homebuyers might be able purchase a home with less savings — thanks to the two largest US mortgage lenders now allowing down payments of just 1%
The new programs, which are available to home buyers with limited incomes, could make homeownership…
Alcynna Lloyd
2 mins read
Meet the executive in charge of Bank of America's massive effort to give more mortgages to disenfranchised homebuyers, including one program that requires no down payment
AJ Barkley leads BofA's community and neighborhood lending program which has doled out $9.9 billion…
Kelsey Neubauer
1 min read
Former pro-wrestler Ted DiBiase Jr. used money meant for needy families to buy himself a boat and make a down payment on a house, feds allege
Federal prosecutors allege that Ted Marvin DiBiase Jr., along with three co-conspirators, stole mil…
Rebecca Cohen
4 mins read
A down payment might be the biggest upfront cost of buying a home, but there are other things you'll need cash for
Beyond the upfront costs of buying your first home, you'll probably spend between 1% and 4% of your…
Tanza Loudenback
3 mins read
Chinese real-estate developers are accepting wheat, garlic, and peaches as down payments for properties as the market slumps and bond defaults mount
"We are helping farmers with love, and making it easier for them to buy homes," said Central China …
Katie Boon,Huileng Tan
1 min read
Crystal Cruises customers owed $100 million in down payments, the former president of the collapsed company says
Crystal Cruises' customers who paid with cash or rebooked cancelled trips may not get refunded, ex-…
Kate Duffy
3 mins read
Bank of America just launched a zero down payment mortgage in 21 cities that could make it much cheaper and easier to buy a home
The new mortgage program, which doesn't require a down payment, closing costs, or minimum credit sc…
Alcynna Lloyd
4 mins read
Homebuyers battling high mortgage rates could soon have a new option: sell a stake in their future home for as much as $250,000 toward a down payment
A handful of startups believe they can overcome slim margins and regulatory barriers to bring down-…
James Rodriguez
4 mins read
A Phoenix family's year-long savings sprint helped them save $24,000 to buy their first home and provide a launching pad for their second
A Phoenix family saved for a down payment in a year by renting out a room, working a side hustle, a…