Home > Blogs > Trey Affolter > Trey Sells Houses Team Blog

How to get a down payment to Buy a Home

By Trey Affolter

Real Estate Agent with Keller Williams Realty WA# 12940

January 25, 2009 03:11 AM

Need a Down Payment to Buy a Home?

Many homebuyers have difficulty coming up with a down payment. Here are a dozen ways to do it:

Set up an automatic saving plan.
Get a gift from your parents, grandparents, other relatives or friends.
Sell a car, boat, motorcycle, collectibles or other assets.
Liquidate stocks, mutual funds, savings bonds or other investments.
Allocate your income tax refund.
Take a loan from your 401(k) retirement plan and repay yourself with interest.
Withdraw funds from your 401(k) plan, subject to taxes and penalties.
Collect on a loan that you made to someone else.
Get a bonus from your employer.
Explore homebuyer programs for public servants if you qualify.
Apply for a state or local government down-payment program.
Use a private down-payment assistance program.

source: By Bankrate.com

Down Payment Assistance Programs:

Down Payment Assistance Programs for Washington State Home Buyers

Search Washington State Real Estate MLS Listings

The Trey Affolter Team, Keller Williams Realty, always welcomes comments and is available to answer questions about Tacoma Real Estate and the surrounding cities within Pierce County Real Estate, South King County Real Estate, and North Thurston County Real Estate.

253-222-6000

http://www.TreySellsHouses.com

Keller Williams Realty

Re-Blog

Comments(2)

Comment

Show All Comments

Sort:

Hans Bruhner

First Priority Financial - Sebastopol, CA

Sonoma County Home Loans

Trey, thanks for commenting on my blog. It prompted me to stop by yours. I like the positive aspect of your articles and I would love to see more people saving to buy homes. I just felt I needed to chime in here and let people know that they can buy a home with an FHA loan with just 3.5% down and that money can be a gift. Also, in certain geographic areas (rural) and certain income limits (115% or less of median income for area), you can buy a home with a USDA loan. They are temporarily out of money but it will be coming back at the end of March. I would bet Tacoma has some outlying areas that will fit the geographic requirements.

Jan 27, 2009 03:06 AM

Not a real person

San Diego, CA

I sold a huge matchbook collection which provided me with a 25% down payment on my first house way back in the 1970s.

I love watching "Antiques Roadshow" because of what people show up with "wondering if it is worth anything." On a recent episode a guy brought in an "ugly painting" which turned out to be a painting of Henry Clay that was "museum quality" and was worth between $300,00 and $500,000. I think the owner almost died of a heart attack on camera.

Jan 28, 2009 02:28 PM

How to get a down payment to Buy a Home

Comments(2)

Trey Affolter

Service Areas

Real Estate Resources

Recent Posts

Additional Information