Whether you're buying a home for the first time or you're a seasoned homeowner looking for some new digs, you may be wondering how much to put down on your mortgage loan.
While a 20% down payment is a common suggestion among financial experts, that's an unrealistic objective for many prospective homebuyers. What's more, down payment requirements and the impact of your down payment can vary depending on the type of mortgage loan you choose—if you’re just getting started, you may wish to check out our breakdown of different mortgage types in our current mortgage rates guide.
