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Articles Tagged: Closing Costs

Home Buyers Guide Mortgages & Financing

Do you have enough money saved for a down payment?

October 17, 2020

Do you have enough money saved for a down payment?

One of the biggest misconceptions for home buyers is how much you’ll need to save for a down payment. Contrary to popular belief, you don’t always have to put 20 percent down to buy a house.

A recent survey by Point2Homes notes that 88 percent of buyers say “they have significantly less savings than the average national down payment amount, which is $62,600.”

Thankfully, neither 20 percent, nor $62,600., is not the amount every buyer needs for a down payment. There are many different options available. That amount can also be significantly less, depending on the purchase price of the house.

According to the National Association of Realtors (NAR), “The median existing-home price for all housing types in August was $310,600.” (These are the latest numbers available). NAR also indicates that:

“In 2019, the median down payment was 12 percent for all buyers, six percent for first-time buyers, and 16 percent for repeat buyers.”Continue Reading

Filed Under: Tips for Home Buyers Tagged With: Closing Costs, Down Payment

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"My experience with Russ was excellent. Russ even helped get the property ready for sale since I was out of state. He took care of everything. He was great!"
- Gilbert W., Quail Creek
"Russ was perhaps the best Realtor I’ve ever had the privilege to work with. Always accommodating and very responsive … he guided me thru a maze of unusual issues selling my home and we closed right on time at the price I hoped for. I wouldn’t even consider anyone else if I had a home to sell, and I would urge you not to pick a realtor without at least meeting with Russ first."
- Patsy V., Quail Creek
"I had a great experience with Russ during the purchase of this home. He was knowledgeable and very prompt in replies to questions. He shared his knowledge about the home, this community as well as the real estate market overall. He assisted me in narrowing my search. He helped with details during and after the search and purchase. I would utilize his real estate service again. He is truly an exceptional Realtor."
- Kristi L., Quail Creek
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Russ Fortuno, Associate Broker

I'm a Southern Arizona native and Quail Creek resident. Whether you’re buying or selling a home in Quail Creek, you’ll experience unsurpassed service and professionalism at all stages of your real estate transaction. I welcome the opportunity to assist in your next home sale or purchase.
Meet Russ

Tierra Antigua Realty

18745 S. I-19 Frontage Rd., Ste. A105
Green Valley, AZ 85614
(520) 333-0446
Contact Russ

This site is not affiliated with Robson Communities or the Quail Creek Country Club Property Owners Association.
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