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Down Payment

A grand fountain lit up in the evening with the Chicago skyline in the background.

First-Time Homebuyer Programs in Illinois

May 13, 2024 //  by Carmen Chai

Moving to Illinois? There are several local and statewide programs to help first-time homebuyers settle in the Prairie State.

First-Time Homebuyer Programs in IllinoisRead More

Dusk view of Rose Island Lighthouse, Rhode Island

First-Time Homebuyer Programs in Rhode Island

May 31, 2024 //  by Kian Zozobrado

Moving to Rhode Island? Here are local and statewide first-time homebuyer programs that can provide financial assistance toward your dream home.

First-Time Homebuyer Programs in Rhode IslandRead More

A sign made to look like a potato that reads "Idaho Potato Museum, Blackfoot, Idaho."

First-Time Homebuyer Programs in Idaho

May 13, 2024 //  by Carmen Chai

If you’re dreaming of buying a house in Idaho, but you’re not sure how you’ll come up with the cash, help is on the way. Between statewide and locally-run programs, first-time homebuyers can apply for homeownership incentives.

First-Time Homebuyer Programs in IdahoRead More

View from in front of a reflection pool, looking toward the Indiana State Museum.

First-Time Homebuyer Programs in Indiana

May 13, 2024 //  by Melanie Theriault

Are you a first-time homebuyer in Indiana? Here are several financial assistance programs to help you put your dream home within reach.

First-Time Homebuyer Programs in IndianaRead More

Aerial view of Honolulu coast on a clear night, the city lit up and the ocean a deep blue.

First-Time Homebuyer Programs in Hawaii

May 13, 2024 //  by Melanie Theriault

Planning to purchase your first home in Hawaii? Be sure to check out these financial assistance programs exclusively for first-time homebuyers.

First-Time Homebuyer Programs in HawaiiRead More

Aerial view of the Atlanta skyline at sunset, the city lit up and busy.

First-Time Homebuyer Programs in Georgia

May 13, 2024 //  by Carmen Chai

Are you a first-time homebuyer shopping for your dream home in Georgia? From state to local homeownership assistance programs, there is plenty of help available to homebuyers ready to set roots in the sunny Peach State.

First-Time Homebuyer Programs in GeorgiaRead More

Lighthouse next to coast in New Haven, Connecticut

First-Time Homebuyer Programs in Connecticut

June 3, 2024 //  by Carmen Chai

Are you a first-time homebuyer dreaming of buying a new home in Connecticut? We’ve compiled the statewide and local homeownership programs and incentives to help get you on the property ladder.

First-Time Homebuyer Programs in ConnecticutRead More

View of snowy Rocky Mountains with Telluride, Colorado, in foreground

First-Time Homebuyer Programs in Colorado

May 13, 2024 //  by Melanie Theriault

Are you a first-time homebuyer in Colorado? Check out some of these financial assistance programs for new homebuyers by geographic region.

First-Time Homebuyer Programs in ColoradoRead More

Mortgage calculator

How to Calculate Your Mortgage Payment

May 31, 2024 //  by Sanda Brown

Before you start shopping for homes, it’s best to know how much home you can afford. NewHomeSource outlines what you need to know to calculate a mortgage and to help determine how much loan you may qualify for.

How to Calculate Your Mortgage PaymentRead More

gen z

8 Creative Ways Gen Zers Can Start Saving for Their Home Purchase Today

June 4, 2024 //  by Aly Yale

Here are eight creative ways that Millennials and Gen-Zers can start saving up for their first home that won’t destroy your lifestyle.

8 Creative Ways Gen Zers Can Start Saving for Their Home Purchase TodayRead More

A small, colorful house figurine next to a strip of paper with "loan" written on it in marker.

Down Payment Assistance Programs: How to Find Help to Buy a Home

May 31, 2024 //  by Kian Zozobrado

A down payment assistance program or homeownership program can help first-time buyers purchase a home sooner than they expected. There are a variety of programs out there to help.

Down Payment Assistance Programs: How to Find Help to Buy a HomeRead More

mortgage

How Much Mortgage Can I Afford?

May 12, 2024 //  by Ken Harney

Find out how you determine how much mortgage you can afford for your first home.

How Much Mortgage Can I Afford?Read More

saving for a downpayment of first home

First-Time Homebuyer Qualifications

May 12, 2024 //  by Staff

You don’t always have to be a first-time homebuyer to qualify for down payment assistance programs.

First-Time Homebuyer QualificationsRead More

downpayment

How Much Do You Need for a Down Payment on a House?

May 12, 2024 //  by Marcie Geffner

How much of a down payment do you really need to buy a house? While the answer is situational, the typical range for a new home down payment is 3.5 percent to 20 percent.

How Much Do You Need for a Down Payment on a House?Read More

A jar of coins with a label that reads "House Fund".

Creative Ways to Save for a Down Payment on a Home

May 12, 2024 //  by Staff

There are lots of ways to save for a down payment for a home, particularly if you look outside the box.

Creative Ways to Save for a Down Payment on a HomeRead More

Smiling lama

20 Creative Ways First-Time Buyers Can Save for a Down Payment

May 12, 2024 //  by Robyn Friedman

NewHomeSource has some fun ways to save up for the down payment, so you can invest in your first home.

20 Creative Ways First-Time Buyers Can Save for a Down PaymentRead More

Myth

Debunking Down Payment Myths

May 12, 2024 //  by Staff

Financing a new home, especially the down payment, can bring a storm of questions. Professional advice can smooth it all over by debunking the myths.

Debunking Down Payment MythsRead More

Piggy bank

Here’s What to Do — And What Not to Do — When Buying a New Home

May 12, 2024 //  by Sue Durio

Getting a home loan means understanding your credit, as well as the financing process and the many things that can ruin an approval.

Here’s What to Do — And What Not to Do — When Buying a New HomeRead More

Signing a condo or townhome contract.

How to Purchase a Home with a Friend or Relative

December 5, 2019 //  by Robyn Friedman

We break down what you need to know about buying a new home if your’re looking to share a mortgage with with friends or relatives.

How to Purchase a Home with a Friend or RelativeRead More

mortgage-application

Understanding Different Types of Mortgage Loans

June 3, 2024 //  by Liyya Hassanali

As you save for a down payment, you may find that certain loan types don’t require 20 percent down. New Home Source outlines different home loans and how they can affect your wallet.

Understanding Different Types of Mortgage LoansRead More

cash money

First-Time Homebuyers Have Access to Many Downpayment Assistance Resources

May 12, 2024 //  by Lew Sichelman

If you’re a first time homebuyer, there are a wide range of down payment assistance programs that can help you get into your dream home sooner than you might have thought.

First-Time Homebuyers Have Access to Many Downpayment Assistance ResourcesRead More

wedding registry

Keystone Custom Homes Helps Couples Build a Future Together with a Down Payment Registry

May 13, 2024 //  by Seve Kale

Keystone Custom Homes helps couples looking to make their dream home a reality by helping them set up down payment wedding registries.

Keystone Custom Homes Helps Couples Build a Future Together with a Down Payment RegistryRead More

military-home

10 Things to Know About VA Home Loans

June 18, 2024 //  by Carmen Chai

Want to purchase your new home, but not sure how to go about the veteran home loan process? We walk through 10 important tips to get you started.

10 Things to Know About VA Home LoansRead More

Orange condo on blue background

Financing a Condo 101

May 12, 2024 //  by Staff

Learn the ins and outs of financing a new condo. NewHomeSource has all the information you need to easily get a mortgage for your new condo.

Financing a Condo 101Read More

Close shot of a hand holding a set of keys.

Which is Better: Renting or Buying?

May 31, 2024 //  by Rachel Kinbar

The buying vs. renting debate has been going on for a long time. In recent years, however, we have gained access to more data to support one side or the other, meaning more facts and less conjecture. Although every real estate decision comes with some degree of risk attached, this solid data can give you …

Which is Better: Renting or Buying?Read More

A house with on a loan with a piggy bank in the background

Avoid These Common Mortgage Pitfalls

July 9, 2020 //  by Staff

Secure the mortgage for your new home by avoiding common financing pitfalls that involve major changes in your personal finances.

Avoid These Common Mortgage PitfallsRead More

Person counting paper money.

How to Finance a Manufactured Home

June 3, 2024 //  by Ana Connery

Learn the ins and outs of financing a manufactured home, so you can make your affordable new home a reality.

How to Finance a Manufactured HomeRead More

Cutrona Gunning Point

Custom Home vs. Spec Home: Which is Right for You?

May 11, 2024 //  by Susan Bady-Holmes

Learn the difference between a custom home and spec home, and which home type is right for you.

Custom Home vs. Spec Home: Which is Right for You?Read More

Regency at Glen Ellen by Toll Brothers in Millis MA

Will Buying a New Condo or Townhome Save Me Money?

August 24, 2023 //  by Liyya Hassanali

Can you save money by purchasing a new condo or townhome? It depends. Explore the factors that influence monthly housing costs.

Will Buying a New Condo or Townhome Save Me Money?Read More

Credit score on an ipad

Three Little Numbers: Understanding Your Credit Score & Why It Matters

April 24, 2024 //  by Jay McKenzie

Your credit score determines whether you can obtain that new home mortgage, how much you can borrow, and what interest rate you’ll pay. Here’s what you need to know to obtain, manage and even improve your credit score.

Three Little Numbers: Understanding Your Credit Score & Why It MattersRead More

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