A common myth is that you need 20% down to buy a home. If you’re wondering “How much down payment do I need?”, you’ll be happy to know there are many low-down-payment options for Cincinnati residents.
Down Payment Options
- 0% Down: Available through VA loans for veterans and USDA loans for rural areas.
- 3% to 3.5% Down: Common for FHA and certain Conventional first-time buyer programs.
- 5% to 10% Down: Standard for many Conventional loans to secure better rates.
We can help you find the right balance between your down payment and monthly budget. Visit CincyRefinance.com to learn more.