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How much down payment do I need to buy a house?

January 16, 2016 by Eric Lowry

How much down payment do I need to buy a house?

How much down payment do I need to buy a house?Many Americans are unclear on how much of a down payment they need in order to buy a home. Misinformation about down payment requirements is one of the biggest reasons why more people don’t even consider buying a home. They simply don’t think that they can.

In a recent study done by Fannie Mae, 40% of Americans “Don’t Know” how much down payment is required to buy a home, while another 15% think you need at least 20%. A further 21% think you need at least 10%. That’s 76% of people who are misinformed about their ability to buy a home.

You may be wondering what the actual amount of down payment needed to buy a home is. The answer is that it depends on the type of loan you want to get.How much down payment do I need to buy a house

The accompanying chart illustrates the average down payment amount that buyers put down based on loan type. For all loans across the board, the average down payment is 21% of purchase price. For a Conventional Loan, the average is quite high at 31%, but can go as low as 3%. VA Loans, which are known for the option of putting 0% down, average at 2%. FHA loans allow as low as 3.5% down, however the average falls around 4%.

The actual amount required for a down payment to buy a home is significantly lower than most people realize. Don’t let a common misconception keep you from buying your dream home.

Contact The Lowry Team to evaluate your ability to purchase your dream home. 513-874-1830

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The Lowry Team – Keller Williams Realty is an award winning, full service real estate firm specializing in West Chester, Liberty Township, Mason, Monroe and the Northern Suburbs of Cincinnati. The Lowry Team is “Different By Design”… taking a team approach to home buying and selling. The Lowry Team consists of members that are focused on areas of specialization including Listing Specialists, Buyer Specialists, Transaction/Listing Coordinator, Inside Sales Associate and a Marketing Director.

Don’t Hire an Agent…Hire a Team.  The Lowry Team.

Buyers and Sellers can reach The Lowry Team Keller Williams at 513-874-1830.

Other Articles You May Be Interested In:

Search the entire Cincinnati MLS for Homes For Sale

Find Out The Current Market Value Of Your Home

A Complete Guide to Buying a Home

First Time Homebuyers Frequently Asked Questions

Increase Your Family’s Net Worth

Common Real Estate Terms You Should Know

What credit score is needed to buy a home?

Where are interest rates headed?

What does it take to buy a home in today’s market?

Connect with us on Facebook

Connect with us on YouTube

Connect with us on Twitter

Filed Under: Buyers, Eric Lowry's Articles, Financing, First-time Homebuyer Tagged With: down payment on house, Eric Lowry, house down payment, house down payment requirements, how much down payment do I need, How much down payment do I need to buy a house?, how much down payment house, how much down payment to buy a house, Keller Williams Realty West Chester, LowryTeam.com, The Lowry Team, West Chester Ohio Homes For Sale

Buying a Home in the Winter

January 16, 2016 by Eric Lowry

buying a home in the winterBuying a home in the winter is quite different from buying a home in the peak market of Spring and Summer. However, it can be very beneficial to you as a buyer.

While there are fewer homes on the market in the winter, there are also fewer buyers. That mean less competition for you as a buyer. When the market is hot in the Spring and Summer, buyers are out full force and your chances of getting into a multiple offer bidding war are much higher.

The sellers who put their homes on the market in the winter, generally do so because they need to sell. All the low activity on the market also results in sellers being much more motivated to sell. Buying a home in the winter months can benefit you when it comes to negotiating. The sellers are more likely to accommodate buyers in the winter regarding things such as selling price, closing costs, closing date, etc.

You also have more time to make decisions in the winter. Not to say, you should wait too long to make a decision on a home, but you have more time than you would otherwise. In the Spring and Summer, if you find a home you love, you need to act fast and submit an offer. If you wait to “sleep on it” in the Spring, you likely won’t ever be sleeping in it. Another buyer will likely buy it right it out from under you when the market is hot.

Buying a home in the winter also allows you a unique opportunity – assessing the home’s winter fitness. You get to see how a home holds up to the weather.  You will be able to tell how well insulated the home is, if the windows let cold air in, and how well the heating system is working.

Since there is less activity in the winter months, real estate professionals, such as Realtors and lenders, are also much more likely to be available to you. They will be able to dedicate more time and focus to helping you buy a home. Lenders sometimes even are willing waive various fees in the winter months in order to encourage buyers to use their services. In addition, a lot of moving companies lower their prices in the winter.

So if you are thinking of buying a home in the winter search homes for sale here, then throw on a warm coat and get out there house hunting!

Ready to get your home search started? Contact The Lowry Team today! 513-874-1830

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The Lowry Team – Keller Williams Realty is an award winning, full service real estate firm specializing in West Chester, Liberty Township, Mason, Monroe and the Northern Suburbs of Cincinnati. The Lowry Team is “Different By Design”… taking a team approach to home buying and selling. The Lowry Team consists of members that are focused on areas of specialization including Listing Specialists, Buyer Specialists, Transaction/Listing Coordinator, Inside Sales Associate and a Marketing Director.

Don’t Hire an Agent…Hire a Team.  The Lowry Team.

Buyers and Sellers can reach The Lowry Team Keller Williams at 513-874-1830.

Other Articles You May Be Interested In:

Search the entire Cincinnati MLS for Homes For Sale

Find Out The Current Market Value Of Your Home

A Complete Guide to Buying a Home

First Time Homebuyers Frequently Asked Questions

Increase Your Family’s Net Worth

Common Real Estate Terms You Should Know

What credit score is needed to buy a home?

Where are interest rates headed?

What does it take to buy a home in today’s market?

Connect with us on Facebook

Connect with us on YouTube

Connect with us on Twitter

Filed Under: Buyers, Eric Lowry's Articles, First-time Homebuyer Tagged With: Buying a home in Cincinnati, Buying a Home in the Winter, buying a home in West Chester OH, Eric Lowry, homes for sale in Cincinnati, Homes for sale in Fairfield Township OH, homes for sale in Liberty Township OH, Homes for sale in Mason OH, Homes for Sale in West Chester OH, Keller Williams Realty West Chester, Keller Williams West Chester Ohio, LowryTeam.com, Search Homes For Sale in West Chester OH, The Lowry Team

Homes Near Union Elementary in West Chester OH

January 15, 2016 by Eric Lowry

Homes Near Union Elementary in West Chester OH

Homes near Union Elementary in West Chester OHFind homes for sale near Union Elementary in West Chester OH. View full details and photos of all available homes for sale. Our Homes For Sale information is a direct feed from the Multiple Listing Service (MLS) and is updated every 5 minutes.

The homes near Union Elementary in West Chester OH are ideally located with easy access to schools, shopping, hospitals, parks, and more! There is also very quick access to highways including I-275, I-75, and I-71. You will love the Homes Near Union Elementary in West Chester OH!

Homes near Union Elementary in West Chester OHGreat Schools!

Union Elementary is part of the Lakota Local School District. Lakota Schools are known for excellence in their academics, athletics, and music program. Curious about the schools in the Lakota School District in West Chester OH? Get the schools’ scores and other information by checking out the Lakota School Reports here.

Homes near Union Elementary in West Chester OH - School data

Convenient West Chester OH Location

Homes near Union Elementary are conveniently located in West Chester OH. This location offers easy access to many different shopping centers, restaurants, parks, and hospitals. There is also easy access to all major highways.

3.6 miles to the Voice of America Shopping Center

3.6 miles to The Liberty Center

3.8 miles to the Streets of West Chester

3.3 miles to West Chester Hospital

4.0 miles to Childrens Hospital

24.5 miles to Downtown Cincinnati

The homes near Union Elementary in West Chester OH are a great place to call home. You will not be disappointed if you end up living here! You can find homes near Union Elementary in West Chester OH, and all available homes for sale in West Chester OH on my website.

Affordable Low or No Down Payment Options!

Most of the homes for sale in West Chester OH 45069 are approved for FHA 3.5% down payment financing, Conventional 3% down payment financing, and VA zero down payment financing.

Free Market Report for the Homes Near Union Elementary in West Chester OH 

This Free Market Report data is consolidated from multiple sources, and includes current listings, recent sales, and more. Whether you’re a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions.

Have any questions regarding homes near Union Elementary in West Chester OH? Ready to chat about your real estate plans? Contact The Lowry Team today! 513-874-1830

What's My West Chester OH Home Worth?
What’s My West Chester OH Home Worth?

The Lowry Team – Keller Williams Realty is an award winning, full service real estate firm specializing in West Chester, Liberty Township, Mason, Monroe and the Northern Suburbs of Cincinnati. The Lowry Team is “Different By Design”… taking a team approach to home buying and selling. The Lowry Team consists of members that are focused on areas of specialization including Listing Specialists, Buyer Specialists, Transaction/Listing Coordinator, Inside Sales Associate and a Marketing Director.

Don’t Hire an Agent…Hire a Team.  The Lowry Team.

Buyers and Sellers can reach The Lowry Team Keller Williams at 513-874-1830.

Other Articles You May Be Interested In:

Search the entire Cincinnati MLS for Homes For Sale

Find Out The Current Market Value Of Your Home

Moving to West Chester OH

A Complete Guide to Buying a Home

Where Interest Rates Are Headed

What credit score is needed to buy a home?

What does it take to buy a home in today’s market?

Common Real Estate Terms You Should Know

Buy a Home With a Low Down Payment

Buying a Home Step 1: Get Pre Approved

Connect with us on Facebook

Connect with us on YouTube

Connect with us on Twitter

Filed Under: Buyers, Eric Lowry's Articles, Homes For Sale in Lakota Schools, West Chester Ohio Homes For Sale Tagged With: buying a home in Lakota Local Schools, Eric Lowry, Homes For Sale In Lakota School District, Homes For Sale In Lakota Schools, homes for sale near Union Elementary in West Chester OH, homes for sale near Union Elementary School, Homes Near Union Elementary in West Chester OH, homes near Union Elementary School, Keller Williams Realty West Chester, Keller Williams West Chester Ohio, Liberty Township Ohio Homes For Sale, LowryTeam.com, search homes for sale in Lakota School District, The Lowry Team, West Chester Ohio Homes For Sale

Homes Near Endeavor Elementary in West Chester OH

January 15, 2016 by Eric Lowry

Homes Near Endeavor Elementary in West Chester OH

Buying a home in Cincinnati OhioFind homes for sale near Endeavor Elementary in West Chester OH. View full details and photos of all available homes for sale. Our Homes For Sale information is a direct feed from the Multiple Listing Service (MLS) and is updated every 5 minutes.

The homes near Endeavor Elementary in West Chester OH are ideally located with easy access to schools, shopping, hospitals, parks, and more! There is also very quick access to highways including I-275, I-75, and I-71. You will love the Homes Near Endeavor Elementary in West Chester OH!

Homes near Endeavor Elementary in West Chester OH

Great Schools!

Endeavor Elementary is part of the Lakota Local School District. Lakota Schools are known for excellence in their academics, athletics, and music program. Curious about the schools in the Lakota School District in West Chester OH? Get the schools’ scores and other information by checking out the Lakota School Reports here.

Homes near Endeavor Elementary in West Chester OH

Convenient West Chester OH Location

Homes near Endeavor Elementary are conveniently located in West Chester OH. This location offers easy access to many different shopping centers, restaurants, parks, and hospitals. There is also easy access to all major highways.

5.5 miles to the Voice of America Shopping Center

6.1 miles to The Liberty Center

7.7 miles to Bridgewater Falls

1.4 miles to the Streets of West Chester

5.1 miles to West Chester Hospital

7.8 miles to Childrens Hospital

20.7 miles to Downtown Cincinnati

The homes near Endeavor Elementary in West Chester OH are a great place to call home. You will not be disappointed if you end up living here! You can find homes for sale near Endeavor Elementary in West Chester OH, and all available homes for sale in West Chester OH on my website.

Affordable Low or No Down Payment Options!

Most of the homes for sale in West Chester OH 45069 are approved for FHA 3.5% down payment financing, Conventional 3% down payment financing, and VA zero down payment financing.

Free Market Report for the Homes Near Endeavor Elementary in West Chester OH

This Free Market Report is consolidated data from multiple sources, and includes current listings, recent sales, and more. Whether you’re a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions.

Have any questions regarding homes near Endeavor Elementary in West Chester OH? Ready to chat about your real estate plans? Contact The Lowry Team today! 513-874-1830

What's My West Chester OH Home Worth?
What’s My West Chester OH Home Worth?

The Lowry Team – Keller Williams Realty is an award winning, full service real estate firm specializing in West Chester, Liberty Township, Mason, Monroe and the Northern Suburbs of Cincinnati. The Lowry Team is “Different By Design”… taking a team approach to home buying and selling. The Lowry Team consists of members that are focused on areas of specialization including Listing Specialists, Buyer Specialists, Transaction/Listing Coordinator, Inside Sales Associate and a Marketing Director.

Don’t Hire an Agent…Hire a Team.  The Lowry Team.

Buyers and Sellers can reach The Lowry Team Keller Williams at 513-874-1830.

Other Articles You May Be Interested In:

Search the entire Cincinnati MLS for Homes For Sale

Find Out The Current Market Value Of Your Home

Moving to West Chester OH

A Complete Guide to Buying a Home

Where Interest Rates Are Headed

What credit score is needed to buy a home?

What does it take to buy a home in today’s market?

Common Real Estate Terms You Should Know

Buy a Home With a Low Down Payment

Buying a Home Step 1: Get Pre Approved

Connect with us on Facebook

Connect with us on YouTube

Connect with us on Twitter

Filed Under: Buyers, Eric Lowry's Articles, Homes For Sale in Lakota Schools, West Chester Ohio Homes For Sale Tagged With: buying a home in Lakota Local Schools, buying a home in West Chester OH, Eric Lowry, Find Homes For Sale Near Lakota Schools, Homes For Sale In Lakota School District, Homes For Sale In Lakota Schools, homes for sale near Endeavor Elementary, homes for sale near Endeavor Elementary in West Chester OH, homes near Endeavor Elementary, Homes Near Endeavor Elementary in West Chester OH, moving to West Chester OH, Search Homes For Sale in West Chester OH, The Lowry Team, West Chester Ohio Homes For Sale

6913 Cambridge Avenue Cincinnati OH 45227

January 15, 2016 by Eric Lowry

Cincinnati Ohio Homes For Sale

6913 Cambridge Avenue Cincinnati OH 45227

6913 Cambridge Avenue Cincinnati OH 45227

Great Investment Or 1st Time Homebuyer Opportunity! Terrific Location Just Minutes To Mariemont. Hardwood Floors. One Car Garage. One Year Home Warranty. Don’t Wait To See This Terrific Cincinnati OH Home For Sale!

Property Photos – 6913 Cambridge Avenue Cincinnati OH 45227 


6913 Cambridge Avenue Cincinnati OH 45227
6913 Cambridge Avenue Cincinnati OH 45227 - Family Room
6913 Cambridge Avenue Cincinnati OH 45227 - Family Room 2
6913 Cambridge Avenue Cincinnati OH 45227 - Dining Room 2
6913 Cambridge Avenue Cincinnati OH 45227
6913 Cambridge Avenue Cincinnati OH 45227
6913 Cambridge Avenue Cincinnati OH 45227
6913 Cambridge Avenue Cincinnati OH 45227
6913 Cambridge Avenue Cincinnati OH 45227
6913 Cambridge Avenue Cincinnati OH 45227

Click Here For Current Pricing: 6913 Cambridge Avenue Cincinnati OH 45227

Property Map – 6913 Cambridge Avenue Cincinnati OH 45227 



For more information about this home or to schedule a time to see it, please Contact The Lowry Team and we will get back to you as quickly as we can. You may also reach us by phone at 513-874-1830.

Find Your Home's Value Now!

View Single Family Homes For Sale In Cincinnati OH Here

View Condos For Sale In Cincinnati OH Here

Home Prices Are Rising. Find The Value of Your Cincinnati Home Here!

Filed Under: Buyers, Eric Lowry's Articles, First-time Homebuyer, New Listings Tagged With: 6913 Cambridge Avenue Cincinnati OH 45227, Buying a home in Cincinnati, Cincinnati homes for sale, Eric Lowry, homes for sale in Cincinnati, Keller Williams Realty West Chester, New Listings in Cincinnati, search the Cincinnati MLS for homes for sale, The Lowry Team, Top Real Estate Agent, Top Selling Realtor

6916 Cambridge Avenue Cincinnati OH 45227

January 13, 2016 by Eric Lowry

Cincinnati Ohio Homes For Sale

6916 Cambridge Avenue Cincinnati OH 45227

6916 Cambridge Avenue Cincinnati OH 45227 - Front

Great Investment Or 1st Time Homebuyer Opportunity! Terrific Location Just Minutes To Mariemont. Hardwood Floors. Natural Woodwork. Nice Backyard. Above Ground Pool & Deck. One Year Home Warranty. One Car Garage. Don’t Wait To See This Terrific Cincinnati OH Home For Sale!

Property Photos – 6916 Cambridge Avenue Cincinnati OH 45227


6916 Cambridge Avenue Cincinnati OH 45227 - Front
6916 Cambridge Avenue Cincinnati OH 45227 - Living Room
6916 Cambridge Avenue Cincinnati OH 45227 - Living Room 2
6916 Cambridge Avenue Cincinnati OH 45227 - Kitchen
6916 Cambridge Avenue Cincinnati OH 45227 - Dining Room 2
6916 Cambridge Avenue Cincinnati OH 45227 - Dining Room
6916 Cambridge Avenue Cincinnati OH 45227 - Bedroom 2
6916 Cambridge Avenue Cincinnati OH 45227 - Bedroom 3

Click Here For Current Pricing: 6916 Cambridge Avenue Cincinnati OH 45227

Property Map – 6916 Cambridge Avenue Cincinnati OH 45227


For more information about this home or to schedule a time to see it, please Contact The Lowry Team and we will get back to you as quickly as we can. You may also reach us by phone at 513-874-1830.

Find Your Home's Value Now!

View Single Family Homes For Sale In Cincinnati OH Here

View Condos For Sale In Cincinnati OH Here

Home Prices Are Rising. Find The Value of Your Cincinnati Home Here!

Filed Under: Buyers, Eric Lowry's Articles, New Listings Tagged With: 6916 Cambridge Avenue Cincinnati OH 45227, Cincinnati homes for sale, Eric Lowry, Keller Williams Realty West Chester, New Listings in Cincinnati, The Lowry Team, Top Cincinnati Real Estate Agent, Top Cincinnati Realtor

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