Even after the recent real estate market crash, there is a fascination with homeownership. Many still see buying a home as a rite of passage — and a sign of adulthood.
Whether you decide to wait on buying a home, or whether you decide that now is the time to take the plunge, you will need to save up for a down payment. For the most part, lenders are still skittish about 0% down home loans. At the very least, you will likely need 3.5% down for a FHA loan.
So, as you try to drum up the money for a down payment, where can you turn? Greg Cook, a representative of Platinum Home Mortgage, has 30 years in the business, and he has some ideas of where you can turn for help with that down payment.
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