How Much Deposit To Buy A House In California May 2026

With the statewide median home price projected to hit in 2026, a standard 20% down payment would be roughly $181,000 . However, many buyers use low-down-payment programs to get into a home with significantly less. Initial Deposit: Earnest Money

: On a $905,000 home, this would be $27,150 . 🏠 Final Deposit: Down Payment how much deposit to buy a house in california

: Held in a neutral escrow account and credited toward your final costs at closing. With the statewide median home price projected to

: As low as 3% down (minimum credit score typically 620+). FHA Loans : 3.5% down (minimum credit score 580+). 🏠 Final Deposit: Down Payment : Held in

To buy a house in California in 2026, you generally need two separate "deposits" at different stages of the process: an ( 1–3% of price ) to secure your offer and a down payment (0–20% of price) to finalize your loan.

: Usually due within 3 business days of an accepted offer.

Putting down allows you to avoid Private Mortgage Insurance (PMI) , which can save you hundreds of dollars in monthly payments. 🌟 Assistance Programs (2026) What Is Earnest Money When Buying a Home in Los Angeles?