CE Class for Realtors - Down Payment Assistance

Texas's real estate market, while currently seeing increased inventory, has historically featured rising home prices. This makes accumulating the necessary funds for a down payment a significant challenge, especially when balancing it with everyday living expenses, rent, and other obligations.

It's understandable to worry about depleting your savings. While a down payment is essential, it's also crucial to have a financial safety net for unexpected expenses after purchasing your home. Ideally, you should aim to retain some emergency funds in addition to your down payment.

Yes, lenders often have specific requirements regarding the source and history of your down payment funds. They may require funds to be "seasoned" (held in your account for a certain period) and may ask for documentation to verify the origin of the money.

There are plenty of down payment assistance programs. Talk with a trusted mortgage professional, call or text 346.449.4969. Also, find a Realtor that has the knowledge of the down payment assistance programs available.