Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Down Payment Assistance Programs can help to Homeownership
The current housing market is ripe with opportunity. Interest rates remain low, credit availability is expanding, and employment is on the rise. For many hopeful homeowners, however, one hurdle they may not feel comfortable getting over comes in the form of the down payment. In fact, many buyers (and real estate professionals) believe that in order to purchase a home, a 20 percent down payment is necessary. Luckily, this long-held notion is untrue, but its widespread belief locks out potential homeowners who may have great credit and a steady income but do not have (what they think is) the cash needed for a down payment in their savings account.
Dispelling the 20 Percent Myth
According to the Q1 2015 U.S. Home Purchase Down Payment Report published by RealtyTrac®, the average down payment for single-family homes bought in the first quarter of 2015 was 14.8 percent, down from 15.5 percent in 2014. Further, in 2015, about 40 percent of homebuyers put down less than 10 percent, and nearly a third of the 1.6 million loans funded by Freddie Mac were for buyers putting down less than 20 percent.
As a real estate professional, dispelling that 20 percent myth is vital, as it opens up your ... more

__________________________________________________
Are you on The Rain? Grow Your Network!