The spring real estate market is here and is sure to continue to heat up! If you are looking into Belleville homes for sale, you are likely considering the down payment you'll have to invest. Saving adequate money for the down payment is a hurdle for many, but a solid savings plan makes homeownership possible. Our real estate agents have compiled an easy guide below to get you closer to owning your dream home.
Most homeowners hesitate to start the homebuying journey because they can't make a 20% down payment. While many mortgage lenders demand a 20% down payment, you can put as little as 3% down with a fixed-rate conventional loan. You may pay for even less or no down payment if you qualify for a VA or USDA loan.