Today, we're going to cover down payments, what lenders look for, and how much you actually need to save. Most people believe you need to put down 20% of a house’s value to make a down payment, but that’s not true.

A down payment is your investment in the home. Most mortgages require you to invest at least a little of your own money outside of the loan.

It gives you’ skin in the game,’ providing lenders with the reassurance that you’ll repay your loan and not risk losing the money.

The down payment is a part of the sales price and reduces the amount of money you must borrow to buy the home. Here is what we will cover in detail:

- What Is a Down Payment on a House?
- How Do Down Payments Work?
- How Big of a Down Payment Do You Need to Put Down to Buy a House?
- Are Down Payments Necessary?
- Do Mortgage Lenders Require Down Payments?

Time Stamps:
0:00 Intro
0:39 Down Payment on a House Example
1:20 Down Payments and Closing Costs
1:58 Down Payment RISKS
2:34 VA Loans and Down Payments
2:47 FHA Loans and Down Payments
3:20 Conventional Loans and Down Payments
3:37 USDA Loans and Down Payments
3:55 What Are the Benefits of a Larger Down Payment?
4:24 Quick Recap on Down Payments

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