During tax season, refunds help many become homeowners! If you’re planning to buy a home in the near future, consider using your tax refund as a down payment option.
We know that saving for a down payment can be a big challenge and even one of the biggest barriers to homeownership. Many people sometimes overestimate the size of the down payment they need.
Often times, a tax refund may cover the entire down payment. Exactly how much of the down payment you can cover will depend on the amount you want to borrow and the percentage you’re required to put down.
Depending on your credit history and other factors, there are financing options with much lower down payment requirements besides the typical 20% down. For instance, depending on the program, borrowers can make down payments between 3.5%-10%. Down payment assistance programs can also help you bridge the cash gap.
Contact Emerald Home Loans to find out which programs you could qualify for! Visit our website to learn more about our loan programs. We are here to help you buy your dream home.
Mortgage products available for First-time Buyers Offering Low to No Down Payments Include:
- USDA
- VA
- FHA
- Down Payment Assistance
- Conventional
Bottom line
During tax season, many tax payers have more funds than any other time of the year, so there is no better time to qualify for a new home. This is a great opportunity – low rates, stable job market, and affordable homes. Why not buy a home now?
Ready to Take the Next Step?
Emerald Home Loans is here to help. Contact us today to discuss your options. 833.EHL.1234.
