{"id":5383,"date":"2025-01-29T11:30:00","date_gmt":"2025-01-29T11:30:00","guid":{"rendered":"https:\/\/sandpointrealtyidaho.com\/blog\/2025\/01\/29\/two-resources-that-can-help-you-buy-a-home-right-now\/"},"modified":"2025-01-29T11:30:00","modified_gmt":"2025-01-29T11:30:00","slug":"two-resources-that-can-help-you-buy-a-home-right-now","status":"publish","type":"post","link":"https:\/\/sandpointrealtyidaho.com\/blog\/2025\/01\/29\/two-resources-that-can-help-you-buy-a-home-right-now\/","title":{"rendered":"Two Resources That Can Help You Buy a Home Right Now"},"content":{"rendered":"\n

$\"Two$ \n

A recent report from Realtor.com<\/em><\/a> <\/em>says 20% of Americans don\u2019t think homeownership is achievable<\/strong>. Maybe you feel the same way. With inflation driving up day-to-day expenses, saving enough to buy your first home is more of a challenge. But here\u2019s the thing. With the right resources and help, you can still make it happen.<\/p>\n

There are options that can help make buying a home<\/a> possible today \u2014 even if your savings are limited or your credit isn\u2019t perfect. Let\u2019s explore just two of the solutions that could help get you into your first home no matter the market.<\/p>\n

1. FHA Loans<\/strong><\/h4>\nIf your down payment<\/a> savings and your credit score aren\u2019t where you want them to be, an FHA loan<\/strong> could be your pathway to buying a home. According<\/a> to the U.S. Department of Housing and Urban Development<\/em> (HUD) and Bankrate, <\/em>the big perks of an FHA home loan are:<\/p>\n
\n
Lower Down Payments<\/strong>: They typically require a smaller down payment than conventional loans, sometimes as low as 3.5% of the home\u2019s purchase price.<\/li>\n
Lower Credit Score Requirements<\/strong>: They\u2019re designed to help buyers with credit scores<\/a> that might not qualify for conventional financing. This means, when conventional loans aren\u2019t an option, you may still be able to get an FHA loan.<\/li>\n<\/ul>\n
The first step is to connect with a lender who can help you explore your options and determine if you qualify.<\/p>\n
2. Homeownership Assistance Programs<\/strong><\/h4>\nAnd if you need a more budget-friendly down payment, that\u2019s not your only option. Did you know there are <\/strong>over 2,000<\/strong><\/a> homeownership assistance programs available across the U.S. <\/strong>according to Down Payment Resource<\/em>? And more than 75% of these programs are designed to help buyers with their down payment. Here\u2019s a bit more information about why these could be such powerful tools for you:<\/p>\n
\n
Financial Support<\/strong>: The average benefit for buyers who qualify for down payment assistance is $17,000<\/a>. And that\u2019s not a small number.<\/li>\n
Stackable Benefits<\/strong>: To make it even better, in some cases, you may be able to qualify for multiple programs at once, giving your down payment an even bigger boost.<\/li>\n<\/ul>\nRob Chrane, CEO of Down Payment Resource<\/em> confirms<\/a> a little-known fact:<\/p>\n
\u201cSome of these programs can be layered. And so, in other words, <\/em>you may not be limited to just one program.<\/em><\/strong>\u201d<\/em><\/p><\/blockquote>\n
If you want to learn more or see what you qualify for, be sure to lean on the pros. A trusted real estate agent and a lender can guide you through the process, explain the help that\u2019s out there, and connect you with resources to make buying a home a reality.<\/p>\n
Bottom Line<\/h3>\n
If you\u2019re ready to stop wondering if buying a home is possible and start exploring solutions, connect with an expert agent and trusted lender.\u00a0<\/p>\n<\/div>\n\n<\/body>","protected":false},"excerpt":{"rendered":"
A recent report from Realtor.com says 20% of Americans don\u2019t think homeownership is achievable. Maybe you feel the same way. With inflation driving up day-to-day expenses, saving enough to buy your first home is more of a challenge. But here\u2019s the thing. With the right resources and help, you can still make it happen. There […]<\/p>\n","protected":false},"author":1,"featured_media":5384,"comment_status":"registered_only","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12],"tags":[29,27,20,18,28],"class_list":["post-5383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-insight","tag-idaho-real-estate","tag-north-idaho-homes","tag-rain-silverhawk","tag-real-estate","tag-sandpoint-idaho"],"aioseo_notices":[],"acf":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/sandpointrealtyidaho.com\/blog\/wp-content\/uploads\/2025\/01\/20250129-Two-Resources-That-Can-Help-You-Buy-a-Home-Right-Now-original.png?fit=750%2C410&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pdz2Zu-1oP","_links":{"self":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/posts\/5383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/comments?post=5383"}],"version-history":[{"count":0,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/posts\/5383\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/media\/5384"}],"wp:attachment":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/media?parent=5383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/categories?post=5383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/tags?post=5383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}