It's common for homebuyers to wonder how much money they need to buy a house, especially for first-time buyers. The answer to this question can vary depending on several factors, including the type of mortgage you choose, the price of the home you want to buy, and the size of your down payment. Among the different types of mortgages available, FHA loans are a popular option for those with lower credit scores and limited down payment funds. In the video above, let me show you specifically on how to calculate your down payment only on an FHA loan to help you determine the amount you'll need to save up.
