Think you need 20% down to buy a home? Think again!!! Here’s how you can get into your dream home with less than 10% down, even in 2025.
Did you know that there are low down payment loan programs out there FHA loans, which allow as little as 3.5% down? VA loans regarding our eligible veterans and active service members can buy with zero down. Also, did you know, USDA loans offer 0% down for eligible rural areas.”
Did you know that Conventional loans sometimes allow as low as 3% down? You just have to pay PMI until you reach 20% equity. I know…PMI might sound scary, but it’s often affordable and disappears once you build enough equity.
You can also utilize down payment assistance programs. Did you know that many states and local governments offer down payment assistance grants or loans and some you don’t have to pay back! Talk to a local lender to find programs in your area.
Lastly, did you know that there are Gift Funds and Employer Assistance available in certain areas? Gift funds are a common way to increase your down payment. Some employers also offer home buying assistance as a benefit.”
Don’t let a big down payment hold you back from homeownership in 2025. Explore these options, get pre-approved, and let’s find your perfect home!
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