Tax Refund Equals Down Payment

Tax Refund Equals Down Payment

If you started your down payment savings with your tax refund check this year, how close would you be to a 3% down payment?

Tax refunds are often thought of as ‘extra money’ that can be used toward larger goals; for anyone looking to buy a home in 2018, this can be a great jump start toward a down payment!

Many first-time buyers believe that a 20% down payment is required to qualify for a mortgage. Programs from the Federal Housing Authority, Freddie Mac, and Fannie Mae all allow for down payments as low as 3%, with Veterans Affairs Loans allowing many veterans to purchase a home with 0% down.Image title


Lynda Western Headshot
Author:
Phone: 602-919-0857
Dated: February 28th 2018
Views: 177
About Lynda: A family oriented person, Lynda has a passion for helping people in unfortunate situations. An Ariz...

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