Down Payment

When you find a home you want to buy, you'll have to come up with a down payment. Because of other financial obligations you may have, finding down payment funds can be one of the biggest challenges. Here are some ways to raise the funds:

  • Ask a Mortgage Specialist about low down payment mortgages.

  • Get a zero point mortgage - you'll need less money up front.

  • Obtain gift funds from a family member.

  • Borrow from your 401(k) plan.

  • Ask the seller to offer concessions.