How Our Client Bought Their First Home with $0 Out of Pocket

Buying a home may feel out of reach, but with the right strategies and resources, it’s more achievable than you think! We recently helped a first-time homebuyer purchase their dream home without needing any savings for the loan process. Here’s how we made it happen:

Using Funds from Their 401(k)

Our client utilized funds from their 401(k) to cover the deposit required by the seller. These funds were returned to them at closing, penalty-free!

Pro Tip: If you’re considering this option, consult with your financial advisor to understand the details and potential benefits.

Qualifying for a $50,000 Grant

The buyer qualified for a $50,000 grant, which covered both their down payment and closing costs. This incredible opportunity is available to eligible buyers based on income, property location, and other criteria.

No Mortgage Insurance

The program didn’t require mortgage insurance, which significantly reduced their monthly payments and made homeownership even more affordable.

What They Paid Separately

While the loan process itself cost them $0 out of pocket, they did cover their inspection fees separately. This allowed them to ensure the home met their expectations before closing.

Could You Qualify?

Programs like these are designed to make homeownership accessible for first-time buyers, even if you don’t have substantial savings.

Curious if you qualify? Schedule a complimentary consultation with us to explore your options and see how we can help you achieve your homeownership goals. Click “Schedule Appointment” below to get started today!

Ready to make your first home a reality? Let’s talk!