My salary didn’t change at all, but homes went up 82%. The money I saved for a down payment and my salary no longer are good enough for this home and many others. This ain’t even a “good” home either. It was a 200k meh average ok home before. Now it’s simply unaffordable

  • cm0002@lemmy.worldEnglish
    48·
    4 days ago

    Real talk, forget about a down payment. There are a bunch of different ways to get a 0 down mortgage with varying qualifiers so that chances you qualify for one of them is quite decent.

    Even if not, there are still a bunch of other ways to get low down payment mortgages for ~3% down or less.

    Toss out the old adage of “20% down or bust” and keep any money saved towards it for savings for all the other costs of home/closing