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Buying a home doesn’t have to mean draining your savings.
At Evergreen Home Loans™, we help buyers every day who are surprised to learn they don’t need the massive down payment they thought was required. Misconceptions about down payments can hold people back from homeownership, but the reality is there are more options—and more support—than most realize.
Myth 1: You need a huge down payment.
According to the National Association of Realtors®, the typical down payment for first-time buyers has been between 6% and 9% for years. Some loan programs, like FHA loans, allow as little as 3.5% down, and VA loans often require no down payment at all. Evergreen offers a variety of loan options to help you get into a home with less money upfront.
Myth 2: Saving will take years.
While saving for a down payment takes planning, you may not need as much—or as long—as you think. Our Loan Officers can help you determine the right amount for your situation and create a plan to get you there faster.
Myth 3: You have to do it all on your own.
Thousands of down payment assistance programs exist at the local, state, and national level. Many buyers aren’t aware of these opportunities, but Evergreen can help you explore every option to make homeownership more affordable.
The Evergreen Advantage
When you choose Evergreen, you get more than a mortgage. You get guidance, resources, and our commitment to closing On Time and As Promised®. If a down payment has been the biggest obstacle to your home search, we’ll help you find solutions so you can move forward with confidence.
Ready to see what’s possible?
Connect with your local Evergreen Loan Officer today. We’ll walk you through your options, help you find the right program, and get you one step closer to holding the keys to your new home.
Source: KCM
