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Erik Valencia headshot

Erik Valencia

Senior Loan Officer
Movement Mortgage
NMLS ID # 674724

Movement Blog

House down payment

August 22, 2019

What is a down payment on a house?

Oh, the beloved down payment. Rumor has it that you have to save up 20% of the house cost for a house down payment. Is that really true though? What is a down payment even for? If you've been wondering what is a down payment on a house,...

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Erik Valencia headshot
Erik Valencia
Senior Loan Officer
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4120 N. Linder Rd, Ste 150, Meridian, ID 83642
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NMLS # 674724

State License #AZ-LO-2013478, ID-MLO-15543, OR