Down Payment Assistance
Did you know that nearly 80% of first-time homebuyers qualify for down payment assistance of some sort? Shockingly, only 13% of these buyers take advantage of it. If you are considering buying a home, now is the time to get your facts!
Boost Your Down Payment
The good news for first-time buyers is that there are plenty of resources to help you get closer to homeownership. Some loan programs allow for just 3% down, and there are even 0% options for Veterans. On top of that, grants and assistance programs can help cover the upfront cost, which can make all the difference in this competitive market.
Ignore the Scary Headlines
While it’s true that average down payments have increased, that’s mostly because current homeowners are putting their home equity to work. As a first-time buyer, you still have access to programs that keep your down payment low—don’t let rising averages scare you off. The "20% rule of thumb" is a somewhat outdated concept for home loans. Many options exist in today's world!
The Next Step
Talk to a trusted lender about what loan programs are available to you. Don’t leave money on the table—explore the resources that can make your dream of owning a home a reality!
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