How Much Do I Need for a Down Payment on a Beverly Hills Home?

Buying a home in Beverly Hills is a milestone many dream of—but before stepping into the world of luxury real estate, it's essential to understand what it takes financially. One of the biggest upfront costs you'll face? The down payment.

So, how much do you really need to put down on a Beverly Hills home? Let’s break it down.

1. The Average Home Price in Beverly Hills

First, know that Beverly Hills real estate comes with a hefty price tag. As of 2025, the average home price in Beverly Hills ranges between $3 million to over $10 million, depending on the location and property features.

For example:

• 🏡 Median Beverly Hills home: $5 million

• 🏠 High-end estate: $10–$20+ million

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2. Typical Down Payment Percentages

For luxury homes in Beverly Hills, most lenders require a minimum of 20% down—especially if you're financing through a jumbo loan (which applies to most properties in the area due to their high price points).

Here’s a quick look:

• 💰 20% of $5M = $1 million

• 💰 20% of $10M = $2 million

Some buyers opt to put down more to secure better interest rates or avoid extra fees.

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3. What About Lower Down Payments?

Yes, putting down less than 20% is technically possible—but it’s rare in the luxury real estate market. If you do go that route, expect:

• Private Mortgage Insurance (PMI)

• Higher interest rates

• Stricter loan qualifications

• Larger reserves

High-end sellers typically favor buyers with strong financials, and a small down payment could make your offer less competitive.

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4. The Power of a Large Down Payment in Beverly Hills

In a market like Beverly Hills, cash is king—and a larger down payment can give you an edge over other buyers. It shows financial stability, reduces your loan amount, and may even help you negotiate a better deal.

Pro tip: Some buyers pay cash in full to avoid the lending process altogether.

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5. Don’t Forget Closing Costs

In addition to your down payment, budget for:

• Closing costs (2–5% of the purchase price)

• Escrow and title fees

• Property taxes and insurance

• Appraisal and inspection fees

These add up quickly, especially in a high-value market.

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Final Thoughts

Buying a home in Beverly Hills is a significant investment—but with the right planning, it’s within reach. Whether you’re putting down 20%, 30%, or more, understanding your financial responsibilities upfront can save you time, money, and stress.

Ready to Make Beverly Hills Your Home?

Let us guide you through the process of buying in one of the most prestigious markets in the world. From calculating your ideal down payment to connecting you with the right lender and exclusive listings—we’ve got your back.

📞 Contact today for a luxury homebuyer consultation and start your journey toward Beverly Hills homeownership.