While many potential buyers believe they need a down payment of 20% for their first home purchase, the typical down payment for first-time buyers has ranged from 6% to 9%, dating back to 2018.
Eliezer “Eli” Rodriguez, is HGAR’s Director of Advocacy, Commercial and Legislative Issues for The Bronx and Manhattan and is the former CEO of the Bronx Manhattan North Association of Realtors.
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