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You May Not Need as Much as You Think for Your Down Payment

You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC] | Keeping Current Matters

Are you looking to buy a home in Novi, Northville, South Lyon, or Plymouth, MI, but feeling overwhelmed by the thought of coming up with a large down payment? Don't let the myth of needing a 20% down payment hold you back from becoming a homeowner.

The truth is, you may not need as much as you think for your down payment. Many buyers can pay as little as 3.5% of the purchase price with various loan programs. This opens the door for more people to become homeowners and achieve their dream of owning a home in Novi, Northville, South Lyon, or Plymouth, MI.

In addition to low down payment options, some programs offer down payment assistance for first-time home buyers, veterans, and those with low to moderate incomes. This can make the dream of homeownership a reality for those who may have thought it was out of reach.

Another option to consider is using a gift from a family member to help with the down payment. This can be a great way to generate the necessary funds without saving for years.

When buying a home, it's important to remember that many options are available to help you achieve your dream of homeownership, even if you don't have a large down payment saved. By working with a knowledgeable real estate agent and a trusted lender, you can explore all options and find the best solution for your unique situation.

Are you ready to take the first step towards homeownership in Novi, Northville, South Lyon, or Plymouth, MI? Don't let the myth of a large down payment hold you back. Contact me today to learn more about the various loan options and down payment assistance programs available. Together, we'll find the right solution for you and make your dream of homeownership a reality. Don't wait; let's get started now!

Jeff Duneske

With over 23 years of experience in the real estate industry, Jeff Duneske, Broker/Owner of Duneske Real Estate Advisors at Keller Williams Advantage, has established himself as a leading expert. With a career volume of over $325 million and over 1,200 properties sold, Jeff has built a reputation for excellence, earning the trust of over 1,000 clients. Born and raised in Novi, Michigan, Jeff earned the distinguished rank of Eagle Scout at just 15 years old. After graduating from Novi High School in 1996 and the Oakland Fire Academy, Jeff initially set out to become a full-time firefighter. However, after serving as an auxiliary firefighter and EMT in Novi and Walled Lake for several years without securing a full-time position, Jeff decided to shift gears and begin his real estate career in 2000. Jeff has consistently demonstrated his drive to achieve his goals throughout his career without compromising his morals, standards, or ethics for anyone or any transaction. He has served on the Professional Standards Committee for ten years and is committed to conducting business with the highest morals, ethics, and standards. Jeff's unwavering commitment to ethical and moral standards has led to a successful real estate career. Still, more importantly, it has enriched his life and the lives of others in immeasurable ways. With a steadfast purpose to lead with honor and great promise, Jeff continues to guide his clients through one of life's most significant financial transactions, helping them achieve their American Dream. If you're looking for a real estate professional who will go above and beyond to help you achieve your goals, look no further than Jeff Duneske. Contact him today to schedule a consultation and let him guide you through buying or selling your home.
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