Affordable Homeownership & How Down Payment Assistance Can Help You
Liz Peter Team • Dec 19, 2022
Affordable Homeownership & How Down Payment Assistance Can Help You
Liz's Lender Corner
When people first start their home-buying journey, one of the most common concerns is about the down payment amount. I always tell these clients what I’m telling you now – it’s possible to buy a home with as little as $1000 down when you have the right tools and people on your team. Here are a few tips to get you started:
- Check out down payment assistance programs and talk to Liz about the details. Every program and state is different and has different qualifications, so having a professional to help you navigate is always best.
- Look into FHA Loans and if the lower down payment is something that works for your financial situation. While they do require mortgage insurance, sometimes FHA loans can be the best option when you don’t have a lot to put toward a down payment.
- Don’t be afraid to talk to a relative or friend. If you have a supportive network of people, you may be able to get help for a down payment from them as a gift. You might be surprised at how willing people are to help you get your first home!
If you want to learn more about the market or the possibility of owning a home, reach out to me and my team. We want to help you get into your dream home!
Liz Peter Mortgage Team
Luminate Home Loans
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