Buying a home is often one of the most expensive endeavors one will take throughout their life, so it’s not surprising that saving for a down payment remains a major hurdle for many home-buyers on their path to homeownership. But although a 20 percent down payment is considered ideal, it’s not actually as common as you might think, nor is it a necessity to buying a home.

Typically, you have to put between 20 percent of your property price as down-payment to qualify for a mortgage, but there are exceptions.

If you meet eligibility guidelines, you might qualify for a mortgage with Low Down Payment options for certain approved properties.

The mortgage market is dynamic, with new innovations in mortgage products and revised Interest rates on a regular basis. Make sure you stay up-to-date.

Start with a free Mortgage pre-quote from Homely Yours and check today’s rates on our Website [updated in real-time]