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There are several Mortgage loan programs that don't require buyers to put money down ,but in the game of Real Estate, the best offer wins. An excellent way to make your offer stand out is by having fabulous finances and an attractive offer packet. Having a down payment ready is a great way to show sellers we mean business! Now do you NEED these figures to purchase a home? NO! They are simply one of many proactive measures you can take to be prepared to enter the Real Estate Market.
Below we've provided a few figures we recommend to set aside in preparation for your Home Buying Journey. Want to know the fun part? Each home price comes with a savings challenge to help meet your goal!
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Happy Saving Future Homeowners!
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$225-275K Home price
$7,785-$9,625 Down Payment Savings Recommended
$275-325K home price
$9,625 - $11,375 Down Payment Savings Recommended
$325-500K home price
$11,375 - $17,500 Down Payment Savings Recommended
$5K Savings Challenge
$10K Savings Challenge
$15K Savings Challenge