Down Payment Resource
“Owning a home has long been the American dream, and even in this competitive market, homebuyers shouldn’t be discouraged. Whether you’re hoping to buy now or planning ahead, we can help clear the path to homeownership.
Homeownership programs are available nationwide, and the average down payment assistance benefit is currently between $10,000 and $12,000. These programs can help homebuyers get into a house sooner than they may think and give them a valuable cash cushion for other expenses, like the home inspection and possible repairs.
Home prices are increasing faster than incomes, especially for younger households. Add in things like the pandemic and student loan debt, and it’s hard for many to see a path to homeownership.
Many people believe the downpayment is their biggest obstacle. For a $200,000 home, 20 percent down would be $40,000. No small amount.
Despite what you may have heard, a 20 percent down payment on a home is not necessary. See if you qualify for down payment assistance and what kind of loan products are available to you. We only work with the best lending professionals and would love to help you get into a home of your own.”
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