Two Resources That Can Help You Buy a Home Right Now

<article class="post-1355166 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-1355166"><span class="entry-date">January 29, 2025</span><div class="entry-header center-block text-center"><h1 class="entry-title">Two Resources That Can Help You Buy a Home Right Now</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=Two+Resources+That+Can+Help+You+Buy+a+Home+Right+Now&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Ftwo-resources-that-can-help-you-buy-a-home-right-now%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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</div></div><div class="post-tax post-category"><span></span><a href="../category/realtor-blog/index.html" rel="tag">Realtor Blog</a></div><div class="post-tax post-post_tag"></div></div><div class="entry-content"><div><img alt="Two Resources That Can Help You Buy a Home Right Now Simplifying The Market" decoding="async" loading="lazy" src="https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20250127/20250129-Two-Resources-That-Can-Help-You-Buy-a-Home-Right-Now-original.png" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" width=""/>
<p>A recent report from <a href="https://www.realtor.com/research/2025-jan-american-dream-survey/" rel="noopener noreferrer" target="_blank"><em>Realtor.com</em></a><em> </em>says <strong>20% of Americans don’t think homeownership is achievable</strong>. Maybe you feel the same way. With inflation driving up day-to-day expenses, saving enough to buy your first home is more of a challenge. But here’s the thing. With the right resources and help, you can still make it happen.</p>
<p>There are options that can help make <a href="https://www.simplifyingthemarket.com/2025/01/03/get-ready-to-buy-a-home-in-2025/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">buying a home</a> possible today — even if your savings are limited or your credit isn’t perfect. Let’s explore just two of the solutions that could help get you into your first home no matter the market.</p>
<h4><strong>1. FHA Loans</strong></h4>
<p>If your <a href="https://www.simplifyingthemarket.com/2024/12/20/the-truth-about-down-payments-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">down payment</a> savings and your credit score aren’t where you want them to be, an <strong>FHA loan</strong> could be your pathway to buying a home. <a href="https://www.hud.gov/buying/loans" rel="noopener noreferrer" target="_blank">According</a> to the <em>U.S. Department of Housing and Urban Development</em> (HUD) and <em>Bankrate, </em>the big perks of an FHA home loan are:</p>
<ul>
<li><strong>Lower Down Payments</strong>: They typically require a smaller down payment than conventional loans, sometimes as low as 3.5% of the home’s purchase price.</li>
<li><strong>Lower Credit Score Requirements</strong>: They’re designed to help buyers with <a href="https://www.simplifyingthemarket.com/2025/01/14/the-truth-about-credit-scores-and-buying-a-home/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">credit scores</a> that might not qualify for conventional financing. This means, when conventional loans aren’t an option, you may still be able to get an FHA loan.</li>
</ul>
<p>The first step is to connect with a lender who can help you explore your options and determine if you qualify.</p>
<h4><strong>2. Homeownership Assistance Programs</strong></h4>
<p>And if you need a more budget-friendly down payment, that’s not your only option. Did you know <strong>there are </strong><a href="https://downpaymentresource.com/" rel="noopener noreferrer" target="_blank"><strong>over 2,000</strong></a><strong> homeownership assistance programs available across the U.S. </strong>according to <em>Down Payment Resource</em>? And more than 75% of these programs are designed to help buyers with their down payment. Here’s a bit more information about why these could be such powerful tools for you:</p>
<ul>
<li><strong>Financial Support</strong>: The average benefit for buyers who qualify for down payment assistance is <a href="https://www.housingwire.com/articles/down-payment-resource-first-time-homebuyers-17k-average-benefit/" rel="noopener noreferrer" target="_blank">$17,000</a>. And that’s not a small number.</li>
<li><strong>Stackable Benefits</strong>: To make it even better, in some cases, you may be able to qualify for multiple programs at once, giving your down payment an even bigger boost.</li>
</ul>
<p>Rob Chrane, CEO of <em>Down Payment Resource</em> <a href="https://www.nar.realtor/real-estate-today/the-2025-homebuying-guide" rel="noopener noreferrer" target="_blank">confirms</a> a little-known fact:</p>
<blockquote><p><em>“Some of these programs can be layered. And so, in other words, </em><strong><em>you may not be limited to just one program.</em></strong><em>”</em></p></blockquote>
<p>If you want to learn more or see what you qualify for, be sure to lean on the pros. A trusted real estate agent and a lender can guide you through the process, explain the help that’s out there, and connect you with resources to make buying a home a reality.</p>
<h3>Bottom Line</h3>
<p>If you’re ready to stop wondering if buying a home is possible and start exploring solutions, connect with an expert agent and trusted lender. </p>
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