How much do I need for a down payment on my home?

In the not so distant past, this answer would have been a resounding 20% for the down payment on your home. But that is no longer the case. The average down payment on most homes is between 3% and 5%, depending on which loan best fits your needs.

However, if you are a military veteran or a current member of the armed forces, you will likely qualify for a VA loan. With VA loans there is no down payment required when purchasing a home. 

Team Shepherd is here to guide you through the whole process and answer any questions you may have regarding which loan might work best for your family.

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