Top Secrets First-Time Buyers Need for Huge Savings
Leverage First-Time Buyer Programs
Many governments and financial institutions offer programs specifically for first-time buyers that can provide substantial financial assistance. These programs often include lower down payments, reduced interest rates, or grants that do not need to be repaid. For instance, the Federal Housing Administration (FHA) offers loans with down payments as low as 3.5%2. Familiarizing yourself with these options and applying for them can significantly reduce your initial costs.