How To Buy A First Home With No Down Payment Site

Alex and Maya stood on the sidewalk of Maple Street, staring at a "For Sale" sign that felt more like a "Keep Out" sign. Like most first-time buyers, they had a steady income but a savings account that was barely recovering from their wedding. The dream of a backyard for their dog, Barnaby, felt anchored by a weight they didn’t have: a 20% down payment.

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"The 20% rule is a myth for first-timers," Sarah explained. She walked them through three distinct paths: Alex and Maya stood on the sidewalk of

"If we go with a standard FHA loan," Sarah noted, "you only need 3.5%. But, we can pair that with a local DPA grant ." She showed them a state program that provided a "silent second" loan to cover that 3.5%, which would be forgiven if they stayed in the house for five years. AI responses may include mistakes