by Aaron Bacus, First Coast Mortgage Funding

Are you dreaming of purchasing a home in Northeast Florida but worried you don’t have enough for a down payment? It’s true, this is one of the most crucial aspects of the home-buying process but that doesn’t mean that home ownership is out of reach. As a seasoned mortgage loan officer, I've guided countless individuals through this journey. Today, I'm here to demystify down payments and offer practical strategies to help you save for your future home.

Understanding Down Payment Basics

First things first, what exactly is a down payment? Simply put, it's the initial, upfront portion of the total cost of your home that you pay out of pocket. This amount varies depending on various factors, including…

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