Category: first-time homebuyers

Do you qualify for down payment help? Here’s how to find out.

Did you know the average down payment assistance benefit is more than $8,000? That could be a major jump start to buying your first (or next!) home. And, who wouldn’t want a boost to their down payment savings?

Homeownership programs can help you get in a house much more quickly and give you a valuable cash cushion for those other expenses, like the home inspection and home repairs. You could save on save on your down payment and closing costs, or even get ongoing tax credits. keep reading

Your Mom Called: The Bank of Mom and Dad is Stretched Thin

Home and rent prices are increasing faster than incomes, especially for younger households. Add in the strain of student loan debt and it’s hard for many to see a path to homeownership. 

Who you gonna call? Turns out, for 17.1 percent of millennials it’s the bank of mom and dad. A new report from Apartment List found that more than 17 percent of millennials surveyed expect financial help from family towards a down payment. Of those, one in three anticipate family support will cover at least 30 percent of their down payment. keep reading

Top 10 Down Payment Program Myths Debunked: Download the Guide

Financing a home is one of the biggest financial decisions you’ll make. And, when it comes to getting a home loan, one of the biggest hurdles is figuring out the down payment.

We know you have questions—Is 20 percent down required? Is a bigger down payment better? How do down payment programs work with your mortgage? Are down payment programs only for low cost homes? keep reading