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A money-saving tip 70% of homebuyers don’t know about

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04/17/2015 | Author: Marty Kramer

How would you feel if you got home from the grocery store and found a $3 coupon on your kitchen table for the $8 bottle of olive oil you just bought? Frustrating, right? Now imagine your reaction if a similar thing happened after you bought a house.

No, you’re not going to find a coupon for your next home. But there are more than 2,200 homebuyer assistance programs in the U.S., many of which could save you thousands of dollars on your home purchase.

Assistance programs exist for first-time buyers, people who work in certain professions, buyers with modest incomes, veterans, people who purchase certain types of properties, and other circumstances. Many of these programs reduce the amount of your downpayment, lower your closing costs, or provide a lower interest rate than you could otherwise get.

Yet 70% of adults don’t even know these programs exist, according to a survey by NeighborWorks America.

If you were among that 70% before reading this, do something for your own good: Work with a Texas REALTOR® to identify programs that may save you a bunch of money. 

Categories: Buyers
Tags: assistance, homebuyer programs

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Legal disclaimer

The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on Any legal or other information found here, on, or at other sites to which we link, should be verified before it is relied upon.

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