Essence Magazine:
By Jasmine Browley ·Updated June 24, 2022
Buying a home for the first time can be an intense process if you’re not sure how to navigate it. This is very understandable since, for many of us, it is the most expensive commitment we’ll make in our lifetimes. The average first-time homebuyer down payment is about $8,000, which is 6% of the average first-time home price of $137,008.
According to recent data, there
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