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Is a Down Payment Required in Southern California?

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We recently received a question about down payments on homes from a client wondering if they needed to put 20% down in Southern California.

The answer is no – there are a lot of financing options available out there. We advise you to reach out to a professional lender that you know and trust. They can help you find out where you’re at, and where you need to be. Your real estate agent can help you find a great lender to speak with.

That 20% down payment is sort of the gold standard right now, but there is also the option of an FHA loan, which allows you to put just 3.5% down if you have a credit score of 500 or better.

The long story short is this: you don’t need a full 20% down, but rather, you need to do the research with a trusted professional to find out where you’re at. While 20% is the gold standard, it might not be your gold standard.


I hope this topic was helpful for you if you’re navigating the Southern California real estate market. If you have any other questions, please don’t hesitate to reach out to me.