Down Payment Expectations in the Honolulu Home Market

Parents walking down foliage path with daugher on dad's shoulders

A down payment is the money a buyer pays upfront when buying a home. It comes from personal savings or other sources and is a portion of the home’s price. The rest is covered by a mortgage loan. Down payments show lenders that buyers are serious and help reduce risk for the bank. For most…

Family of 4 excited to walk into new home

One of the most common questions homebuyers ask is: Should I buy a home now, or wait until I’ve saved a 20% down payment? It’s a fair question and one that has been repeated for decades in the real estate market. The idea that you must put 20% down before buying a home is deeply…