Bankrate.com surveyed 2500 adults to find out how they obtained their funds for a down payment to buy a home.
-47% saved the money for the downpayment themselves
-21% used home buyer grants or loan assitance programs
-21% received financial gifts from family or friend
-8.8% retirement savings
-7.4% obtained another source of income (an additional job)
-6.3% received a loan from family or friends
-5.7% moved in with family or friends to cut down expenses
-4.9% selling personal items like cars, jewlry or electronics
To read more details click here.
Whenever you are ready, here’s some ways that I can help with your real estate goals:
1) Free Access to search the Denver MLS for all homes currently on the market: Denver Home Finder Service Property Search
2) Join me for a home tour – Home tours are Monday thru Saturday at 2:00 pm or 6:00 pm – choose your tour here
3) Request a specific search that sends all the homes that meet your parameters as soon as they come on the market – that way you can beat others to the best homes. Send me an email with “specific search” in the subject line and your wish list – Price range, school district, style, minimum number of bedrooms, etc. – [email protected]
4) Receive a Home Loan Report –There are so many different loan programs. Do you need 20% down payment to purchase a home? Are there special programs for first time home buyers? What does CHFA mean? What’s the difference between a FHA loan and a Conventional loan? Send me an email – – [email protected] with “Home Loan Report” in subject field and I’ll send it right over.
Also….check these out??