There are several down payment assistance programs available to help you.
For many buyers, the thought of saving for a down payment can feel daunting, especially in today’s market. If you find that the down payment is your biggest hurdle, the good news is there are several down payment assistance programs available that can help you achieve your real estate goals. Did you know that 73% of the assistance available to buyers is there to help you with your down payment?
According to downpaymentresource.com, there are thousands of financial assistance programs available to buyers, such as affordable mortgage options for first-time homebuyers. However, it’s not just first-time homebuyers who are eligible for these programs. Over 38% of all programs are for repeat buyers who have owned a home in the last three years. No matter where you are in your homeownership journey, there could be an option available to you.
“There are thousands of financial assistance programs available to buyers.”
There are also multiple down payment assistance resources designed to help those who serve our communities. Teachers Next Door is one of those programs and was created to increase homeownership among teachers and other public servants, support community development, and increase access to affordable housing free from discrimination. That is just one of the many programs that seek to help teachers, first responders, health care workers, government employees, active-duty military personnel, and veterans reach their down payment goals.
Even if you don’t qualify for these types of specialized programs, there are many federal, state, and local programs available for you to explore. If you would like more information, send me a text or give me a call at (425) 466-2595. I look forward to hearing from you.
