Shelly Ragan - NextHome Signature Real Estate

The Ragan Team • Call (402) 672-5522

  • Home
  • About
    • About The Ragan Team
    • Privacy Policy
  • Home Search
  • Resources
    • Buyers
    • Sellers
    • What’s Your Home Worth?
  • Visit Main Website
  • Blog
  • Contact

Down Payment Assistance Programs May Make Homeownership More Affordable

July 22, 2021 by Shelly Ragan

Down Payment Assistance Programs May Make Homeownership More AffordableThere are many people who are currently looking to purchase a home while interest rates are relatively low; however, there are many homeowners who feel like they do not have a strong level of financial understanding when it comes to the process of purchasing a home.

If homeowners don’t have the financial knowledge base to effectively evaluate their options, they might have trouble figuring out what they can truly afford. For example, how much money do homeowners need to save for a down payment? There are a lot of down payment assistance programs available at local, state, and regional levels.

Resources Are Available For First Time Homebuyers

There are many down payment assistance programs that have been made available specifically for first-time homebuyers. Many people who are buying a home for the first time might not be able to put 20 percent down when lenders ask for it. That is why down payment assistance programs might be able to help homebuyers bridge the gap between what they have and what they need. At the same time, there are other programs available as well.

There Are Programs Available for Non-First Time Homebuyers As Well

There are also down payment assistance programs that are open to people who aren’t first-time homebuyers as well. For example, many people are thinking about relocating because they work from home. They might want to stretch their money farther and purchase more space. Some rural areas have USDA loans that do not require a down payment. USDA loans might even be available in the suburbs. These loans might be easier for homebuyers who might not have a large chunk of money saved up for a down payment. Reaching out to these down payment assistance programs could be a smart move.

Understand All Options Available For Down Payment Assistance

Ultimately, there are a lot of down payment assistance programs that could make it easier for potential homebuyers to purchase a home. With many homeowners looking to purchase a home now before interest rates rise, it is important to explore all options available. This includes looking at down payment assistance programs that might make it easier for homeowners to afford a home.

Filed Under: Real Estate Tagged With: Down Payment, Financial Assistance, Real Estate

Shelly Ragan

Contact Shelly


REALTOR ®
CALL (402) 672-5522

RE LIC#: 20010706
NextHome Signature Real Estate
Ragan Team

Connect with Us

Archives

How can we help?

  • This field is for validation purposes and should be left unchanged.

Recent Articles

  • An Overview Of A Wrap-Around Mortgage: What To Know
  • What’s Ahead For Mortgage Rates This Week – March 20, 2023
  • How to Get Along With Your Homeowners Association
  • Manage These 3 Items Before Applying For A Mortgage
  • Short-Term Vacation Rentals: What To Know

Looking For Something?

Categories

Our Location


NextHome Signature Real Estate
13340 California St, Suite 100
Omaha, NE 68154

Copyright © 2023 · Powered by MySMARTblog