These days, the competitiveness of mortgage lenders opens up your options for the down payment. In some cases, you want to put 20% down towards your new home because at that level you can avoid paying private mortgage insurance. In other cases, 10% or even 5% may be required. If your calculations indicate that you can't put enough down, you may have to come up with creative ways to buy a home.
For more information about Hilton Head Island’s neighbor
Featured Hilton Head Island Property
25 North Calibogue Cay Road
This 4-bedroom, 4.5-bathroom luxury home located in a very private area of Sea Pines, on the deep water side of Calibogue Cay, has a floor plan of 5,000+ heated square feet and is perfect for entertaining friends and family! The spacious kitchen has stainless steel appliances, a 60" double Viking professional stove, granite countertops, a wine refrigerator, ice maker, a classic 12-foot-long granite bar, and much more. The media/sports room includes a 65" HD T.V., two 20" TV's, and custom built speakers in every room of the house. The master suite includes two walk-in closets, a balcony to view magnificant sunsets, 'his' and 'hers' bathroom separation, and a luxurious walk-in 3-headed shower! Each bedroom has a private bathroom. Enjoy the private dock with 10-ton boat lift
