First-time homebuyers put down 1%, and the lender gives you 2%  towards the down payment, no strings, and no liens. You have 3% down and now work on getting the seller to pay closing costs of up to 3%.

Working on a loan right now where the purchase price is $238,000,  the 1% down is $2,380 the lender is giving $4,760 and the seller is paying 6,000 of closing costs. so the remaining closing costs are 2,000.

The total out-of-pocket for the buyer is 4,380 for this home

How much does it cost to rent after paying first, last, and deposit?

You must be below the median income and a first-time homebuyer

Pretty exciting to put $2,380 for the down payment and $2,000 for closing costs to finally own a home. No second liens  just one mortgage at 97%

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