Real Estate 4-1-1 Tucker Volk January 29, 2025
A recent report from Realtor.com says 20% of Americans don’t 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’s the thing. With the right resources and help, you can still make it happen.
There are options that can help make buying a home possible today — even if your savings are limited or your credit isn’t perfect. Let’s explore just two of the solutions that could help get you into your first home no matter the market.
If your down payment savings and your credit score aren’t where you want them to be, an FHA loan could be your pathway to buying a home. According to the U.S. Department of Housing and Urban Development (HUD) and Bankrate, the big perks of an FHA home loan are:
The first step is to connect with a lender who can help you explore your options and determine if you qualify.
And if you need a more budget-friendly down payment, that’s not your only option. Did you know there are over 2,000 homeownership assistance programs available across the U.S. according to Down Payment Resource? And more than 75% of these programs are designed to help buyers with their down payment. Here’s a bit more information about why these could be such powerful tools for you:
Rob Chrane, CEO of Down Payment Resource confirms a little-known fact:
“Some of these programs can be layered. And so, in other words, you may not be limited to just one program.”
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’s out there, and connect you with resources to make buying a home a reality.
If you’re ready to stop wondering if buying a home is possible and start exploring solutions, let’s connect.
Denver Foothills Property, powered by Compass, is your trusted partner in navigating the unique real estate opportunities of Colorado’s Foothills. From luxury homes to sprawling estates and land, we bring expertise, dedication, and an unmatched understanding of the market. Contact us today to start your real estate journey.
Tucker Volk, a dedicated member of the Denver Foothills Property team, specializes in recreational and agricultural land, as well as "as-is" and fixer-upper properties. With a deep understanding of land use and a passion for Colorado’s Foothills, Tucker provides personalized guidance to help clients uncover the potential in every property.
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As a former attorney, he knows what it means to represent a client zealously, competently, loyally, and with their best interests at heart and he firmly believes that everybody deserves that type of service from their real estate agent too.