Howe Ownership

Are you worried about saving enough for a down payment? Owning a home may be easier than you think.

Did you know Freddie Mac’s purchase of mortgages with less than 10% down payments more than quadrupled over the last few years? (source: CoreLogic)

Depending on credit history and other factors, many borrowers can expect to make a down payment of about 5% or 10% possible even less with some of the many down payment assistance programs available. (Note: borrowers with less than a 20% down payment are required to purchase mortgage insurance.)

There are many ways qualified homebuyers like you can reduce the out-of-pocket cash needed for a down payment. Gifts from family, grants or loans from non-profits, coupled with our array of down payment assistance options can greatly improve the affordability of a home!