down payments
Coverage of down payments in the Nexus archive.
- How mom and dad are helping the DC area’s first-time buyers
First-time homebuyers in the D.C. region are increasingly relying on parental assistance for down payments and homebuying costs, with parents offering inheritance as gifts or charging rent to help children save. Real estate agent Eldad Moraru notes that 20% down payments can eliminate mortgage insurance, improving affordability, but cautions against pushing children into unaffordable homes.
- This surprising county now has California’s priciest homes
A surprising county in California now has the state's priciest homes, with high costs including down payments, mortgage payments, property taxes, insurance, HOA fees, and repairs making homeownership twice as expensive as elsewhere.
- California is the worst state for first-time homebuyers — the staggering amount you need to pay
California ranks as the worst state for first-time homebuyers due to extremely high housing costs and down payment requirements. The article highlights the staggering financial burden required to purchase a starter home in the state.