Down Payments

April 27, 2026

Think You Have To Put 20% Down? Most First-Time Homebuyers Don’t.



According to Google Trends, online searches for down payment information recently hit an all-time high. And that’s a clear sign more buyers are trying to figure out what they really need to save before making a move (see graph below):

a graph of a line graphIf you’re wondering the same thing, …

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Aug. 4, 2025

The Truth About Down Payments (It’s Not What You Think)



Buying a home is exciting… until you start thinking about the down payment. That’s when the worry can set in.

“I’ll never save enough.”

“I need a small fortune just to get started.”

“I guess I’ll just rent forever.”

Sound familiar? You’re not alone. And …

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June 13, 2025

You May Have Enough Equity To Downsize and Buy Your Next House in Cash

Have you been holding off on downsizing? If so, you should know your equity could make your move possible. Homeowners today have so much equity that a record number are buying their next house in all cash. And that has some big benefits like making their offer more appealing, potentially …

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Feb. 25, 2025

How To Buy a Home Without Waiting for Lower Rates

 

Many people are hoping mortgage rates will come down before they buy a home. But will that actually happen? According to the latest forecasts, experts say rates will decline, but not by as much as a lot of people want.

The good news? Even if they …

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Feb. 13, 2024

Bridging the Gaps on the Road to Homeownership



Homeownership is a major part of the American Dream. But, the path to achieving this dream can be quite difficult. While progress has been made to improve fair housing access, households of color still face unique challenges on the road to owning a home. Working with the right …

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Oct. 26, 2023

Affordable Homeownership Strategies for Gen Z

 

The idea of owning a home has always been a big part of the American Dream. It's a symbol of stability, independence, and having a place to truly call your own. But for Gen Z, the "Zoomers" born between 1997 and 2012, making that dream a reality …

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Feb. 13, 2023

What You Should Know About Closing Costs

 

What You Should Know About Closing Costs | MyKCM

Before you buy a home, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay. To ensure you aren’t caught off guard when it’s …

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Feb. 3, 2023

You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC]

 

You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC] | MyKCM

Some Highlights

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Jan. 3, 2023

Learn About Options That Can Help You Toward Your Goal

Wondering How Much You Need To Save for a Down Payment?

Wondering How Much You Need To Save for a Down Payment? | MyKCM

If you’re getting ready to buy your first home, you’re likely focused on saving up for everything that purchase involves. One cost that’s likely top of mind is your down payment. But don't let a common …

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Oct. 10, 2022

Saving for a Down Payment? Here’s What You Should Know.

 

Saving for a Down Payment? Here’s What You Should Know. | MyKCM

As you set out to buy a home, saving for a down payment is likely top of mind. But you may still have questions about the process, including how much to save and where to start.

If that sounds like you, your down payment …

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