Many renters don’t buy a house because they feel like they could never save up enough for a down payment.
But what they may not know is there are mortgages out there that require low down payments…you don’t need 20% of the purchase price as a down payment.Thats right, There are 100% loans as well as downpayment assistance programs that we work with all of the time. There are programs specifically for VA and now more than ever lenders are getting creative to avoid the rising cost of mortgage insurance.
…before you can move in.
So if you can somehow manage to come up with those three things in order to rent a place, you can probably come up with a decent enough amount to put down on the purchase of a house.