Exploring Homebuyer Assistance Programs: Assessing the Options Available
The traditional rule of thumb is that you should put down 20 percent of the cost of the house if you decide to become a homeowner. Unfortunately, the thought of saving 20 percent of the price of a home for a down payment can be daunting for people who are trying to buy a house for the first time. If you purchase a house worth $250,000, this means that you would have to save up $50,000 to put down. Fortunately, there are multiple down payment assistance programs that can make it easier for people to afford a home. The Traditional…