Pursue what's Possible Pursue what's Possible.
Skip to Content
800.205.0914 800.205.0914 Locations Contact

Login

Home Purchase Loan

Thumbnail

Do I Really Need 20% Down on a Home Purchase Loan?

Posted On: April 27, 2020 by Prevail Bank in: Home Loans

What is a Down Payment?

Saving enough money for a down payment on a home can be challenging. This is one of the largest issues many homebuyers face when applying for a mortgage loan. A down payment on a home is simply a percentage of the total cost that a buyer has to pay up front.

How much is required as a Down Payment?

Minimum down payments are typically based on three sets of criteria; the type of mortgage, the lender, and your financial situation and history. Depending on the...

Read More

Tags: Home Purchase Loan, Mortgage Tips

Help

Please Select an Online Account

Mortgage Application Elan Credit Card Login