Buy A Home With No Money Down. More about Down Payment Assistance Programs.
Having to put 20% down on your home is a myth. There are so many options, especially in our area of DMV that allow you to purchase a home with NO money down! The DC Open Doors program is one of many loan down payment programs that help home buyers start building their wealth. The idea that you have to pay someone to live somewhere, you might as well pay yourself is a strong one.
There are other benefits that home buyers should be thinking of as well: tax savings, 20% credit on mortgage interest, and 1st time home buyers can reduce their transfer costs by 50% in some instances.
Don’t forget you can’t write off rent, but you can write off your mortgage.
Find out more about the American dream of home ownership with these real estate pros.
Chong Yi, NMLS #198732
Producing Branch Manager
The Yi Team at Fairway Independent Mortgage Corp.
Eastern Title & Settlement
Old City Properties
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