Home Ownership: Down Payment Strategies

More options than you think! You’ve most likely heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid, as it shows that you have the financial discipline and stability to save for a long-term goal like home ownership. It also helps you get favorable rates from lenders. But there can be financial benefits to putting down a small...

Buying a home can be SCARY…Until you know the FACTS

Some Highlights: Many potential homebuyers believe they need a 20% down payment and a 780 FICO® score to qualify to buy a home. This stops many people from even trying to jump into homeownership! Here are some facts to help take the fear out of the process: 71% of buyers who purchased homes have put down less than 20%.78.1% of loan applications were approved last month.In September, the average...