Renting may initially seem easier due to no down payment or long-term commitment. However, rising rents can become costly, preventing equity building. In nearly 58% of U.S. counties, owning a home is now cheaper than renting. Various down payment assistance programs are available, making homeownership more accessible than many think.
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Hennepin County Homebuyer Assistance Program
Hennepin County’s new assistance program offers up to $30,000 in interest-free, forgivable funds for eligible first-time homebuyers. Income limits and education requirements apply, and the program is exclusive to Hennepin County. Funds are available until depleted, so prospective buyers should plan ahead. Spread the word to potential buyers to take advantage of this opportunity.
Real Estate | Your@HomeTeam 