ReSET Blog
Blog · March 15, 2018 · AUTHOR: Udi Dorner

Can you REALLY buy a house for less than $1K down payment?

This blog was contributed by Kevin Collins with the Kevin Collins Team. See the original here. Want to become a contributor? Email

The biggest obstacle for many first time buyers in the Bay Area remains coming up with a sufficient down payment. Putting down the conventional 20% on a $400K purchase is a discouraging $80,000. That is a lot of saving for some younger people who are just getting a start in their financial life. What if you could buy a house for less than $10K down? Still too high? What about less than $1K? Through some first time buyer programs, it is possible. Many of the area cities have set up Down Payment Assistance programs to help these first time buyers. If you have started building some credit, and have set aside even a little bit of money, you may be able to utilize these programs to become a homeowner. The cities of Livermore, Pleasanton, Dublin, Tracy, Alameda, and Oakland, all currently have Down Payment Assistance programs available (on 10/26/2016 – availability changes often – click on the links of each city to see if they are still offering assistance). If you want to become a homeowner, but felt it was out of reach, this may be your time. Let me know if you want to see if it is something that would work for you. I would be happy to discuss your options in a FREE, no obligation consultation. You could be closer to being a homeowner than you think.

------------------- SetSchedule has changed the way real estate marketing is viewed, by changing the way REALTORS® access clients and listing appointments. SetSchedule is a “first of its’ kind” exclusive membership-based model that provides verified appointments, marketing tools, and elite invite-only networking events for its members. By blending new technologies, and thought processes with proven success methods SetSchedule had incurred record producing results unseen in the industry.

Message has been sent!