October 2019 REAL ESTATE NEWS Brought to you by Glafe Ruiz Sanchez Can't Afford to Buy a Home? Have You Considered Down Payment Assistance? What's the number one hurdle for renters making the leap to homeownership? That pesky down payment. Even with an FHA loan that only requires a minimum of 3.5% down, the thought of setting aside several thousand dollars is daunting (and for some, darn near impossible). A survey from Apartment List highlights the struggle for millennial renters, with 62% citing a lack of down payment savings as their reason for delaying homeownership. 48% have zero down payment savings, and just 11% have saved $10,000 or more. Fortunately, there are programs out there to help, they're just not always well publicized. Here are some tips for finding Down Payment Assistance: 1. Do a national search. You'll be surprised how many programs you can find. "Do you even know that down paymen...
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