Paying yourself first is always a good idea. Whether you are thinking of using the money to buy new clothes, buy a new car - or toward a down payment on a house. But what if you don't think you can save enough money fast enough? It does take a bit of cash to buy a house. You'll need at least 3% of the purchase price for the closing costs and depending on what type of loan you get you ALSO need 3% - 5% at least to go toward the down payment. For some, saving this type of money doesn't take very long - but for others, it could take years.
But GOOD NEWS! We have another option for you. Our mortgage partner, Prime Residential, is now offering a new Down Payment Assistance Program that will give you $15,000 toward buying a house! It can be used for closing costs or down payment or both. This is a TEMPORARY program with no end date declared right now, but it will not last forever. If buying a house is your dream before the New Year - then contact us today so we can explain the program in more detail and get you in touch with one of our preferred lender partners, Prime Residential.