“How much money do I need to put down to buy a house?” is often one of the first questions of potential homebuyers. According to data compiled by the National Association of Realtors (NAR), approximately 60% of homebuyers purchased their homes with a down payments of 6% or less.
Median year-to-date sales price of all homes sold in the 16-county Twin Cities metropolitan area through October 2017 was $246,000. That would mean a 6% down payment of $14,760.
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