: 0% down (for eligible veterans and service members).

This is "good faith" money you pay when your offer is accepted. It shows the seller you are a serious buyer. : 1% to 3% of the purchase price.

Putting down allows you to avoid Private Mortgage Insurance (PMI) , which can save you hundreds of dollars in monthly payments. 🌟 Assistance Programs (2026) What Is Earnest Money When Buying a Home in Los Angeles?

: On a $905,000 home, this would be $27,150 . 🏠 Final Deposit: Down Payment

: Usually due within 3 business days of an accepted offer.

: Often require 10% to 20% down (required if the loan exceeds conforming limits). Why 20% is the "Magic Number"

: 0% down (for low-to-moderate income buyers in rural areas).

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