Feeling held back by the idea of a hefty down payment? Let’s dispel that myth together! My new series, “The 5 Most Common Myths BUSTED About the Best Time to Buy Your First Home,” is designed to empower you on your homeownership journey.

This week, we’re tackling the misconception that you need 10% or 20% down to purchase a home. The truth is, there are numerous responsible ways to secure funds for your down payment, including loan programs that require as little as 3% down, especially for first-time buyers with moderate incomes. It’s understandable to feel overwhelmed by the prospect of accumulating a lump sum for a down payment, but rest assured, it’s not an insurmountable barrier. By assessing your monthly budget and exploring various mortgage options, we can tailor a strategy that suits your financial situation.

From homebuyer assistance programs to tapping into retirement accounts or seeking support from family and friends, there are multiple avenues to explore. Additionally, boosting personal savings through strategic methods like adjusting tax withholding or selling unused items can significantly contribute to your down payment fund. Remember, homeownership is within reach, and I’m here to guide you every step of the way.

Stay tuned for next week’s myth-busting on credit scores!