Invest In Your Future: Use Your Tax Refund Towards A Down Payment On Your Home
Saving for a down payment is one of the biggest barriers to homeownership for many first-time home buyers. This year, rather than spend your tax refund on a vacation, buying a new TV or some other splurge, consider investing in your future and putting it towards the down payment on your home. Depending on the loan amount and the loan option, your tax refund may cover your entire down payment!
Use your tax refund for closing costs
If you qualify for one of our loan options that requires a low down payment, your tax refund can still be put to good use for your home purchase. Use your tax refund to contribute to your closing costs, pay down your credit cards to improve your debt-to-income ratio, cover your moving expenses, add some personal touches to your new home, or save for future home maintenance.
More ways to save for your down payment
Most mortgage lenders allow gift funds to contribute to the down payment on numerous loan programs including FHA loans, VA loans, USDA loans and conventional loans. There are specific guidelines you must follow for the money to not jeopardize your home purchase. Click here to read our blog to learn more about Giving and Receiving a Down Payment Gift.
We also have 5 energy saving tips to help you save money on your utility bills. Transfer the savings into your down payment savings account.
Contact a Certainty mortgage professional in your state to get pre-qualified for a home loan and learn how much home you can afford.
Use your tax refund for closing costs
If you qualify for one of our loan options that requires a low down payment, your tax refund can still be put to good use for your home purchase. Use your tax refund to contribute to your closing costs, pay down your credit cards to improve your debt-to-income ratio, cover your moving expenses, add some personal touches to your new home, or save for future home maintenance.
More ways to save for your down payment
Most mortgage lenders allow gift funds to contribute to the down payment on numerous loan programs including FHA loans, VA loans, USDA loans and conventional loans. There are specific guidelines you must follow for the money to not jeopardize your home purchase. Click here to read our blog to learn more about Giving and Receiving a Down Payment Gift.
We also have 5 energy saving tips to help you save money on your utility bills. Transfer the savings into your down payment savings account.
Contact a Certainty mortgage professional in your state to get pre-qualified for a home loan and learn how much home you can afford.