Here’s How To Save Money When Buying A Home

Whether or not buying a home has been a long-time goal or a recent addition to your wish list, it’s important to know about money-saving programs that are available to first-time homebuyers. Take Bank of America, for example. Its Community Homeownership Commitment helps hopeful homebuyers break down the barriers preventing them from purchasing their dream home. With the Down Payment Grant, eligible buyers can get up to $10,000 or 3% of the home’s purchase price, whichever is less, toward their down payment. What’s more, America’s Home Grant provides up to $7,500 in closing costs to eligible buyers, and because both of these offerings are grants rather than loans, there is no repayment required. The Community Homeownership Commitment also offers affordable loan products, resources, and expertise to prospective buyers to provide knowledge and support to assist with the homebuying process and make the most informed decision.