Stressed first-time home buyers reviewing financial documents, calculator, and mortgage paperwork while planning a down payment for their new home.

9 Down Payment Mistakes That Cost First-Time Home Buyers the Most

You’ve probably heard you need 20% saved before you can buy a house. You don’t, and holding onto that belief is itself one of the priciest down payment mistakes first-time buyers make. The median first-time buyer put down just 10% in 2025, according to the National Association of Realtors, and several loan programs allow 3%, […]

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