Are you looking to buy a home in 2020? Have you thought about putting your tax refund toward a down payment? Home ownership may be one step closer than you think if you spend your dollars wisely this year.
Based on data released by the IRS Americans can expect an estimated average refund of $2,963 when filing their taxes this year.
According to programs from the Federal Housing Authority, Freddie Mac, and Fannie Mae, many
first-time buyers could purchase a home with as little as 0% down. To be honest, a 20% down payment isn't always required to buy a home, even though that’s a common misconception about home buying. Veterans Affairs Loansallow
many veterans to purchase a home with 0% down.
Saving for a down payment can seem like a difficult task, the more you know about what is required, the more prepared you’ll be to make the smartest decision for you and your family. This tax season, your refund could be the
key to home ownership.