Home Down Payment


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7 essential steps to preparing your finances for a mortgage application
By Steven Wyble, Ask a Lender, September 13, 2018

Getting preapproved for a mortgage isn’t an easy process, but getting your finances in order ahead of time can help make the process go smoother. Here are seven essential steps for preparing your finances and ensuring an efficient mortgage-application process.

A guide for first-time homebuyers
By Neil Pierson, Ask a Lender, August 31, 2018

The home-purchase process can be overwhelming, especially if you’re a first-time homebuyer. Before you jump in, understand the dynamics of today’s housing market, what to expect from a mortgage lender and how to comparison shop.

Co-op mortgages: How to get one
By Steven Wyble, Ask a Lender, August 27, 2018

Can you get a mortgage to buy a co-op? Although similar to condominiums, housing co-operatives are unique and come with a host of financing challenges. Understand how co-op financing works so you’re prepared to make an offer when the opportunity arises.

Advice for prospective millennial homebuyers
By Neil Pierson, Ask a Lender, August 27, 2018

There are many factors influencing today’s homeownership rate among millennials. Whether you’re burdened with student debt or worried about affording a home down payment, here’s a guide to completing a home purchase, including some helpful loan programs.

Reserves, another way to say assets?
By Corey Vandenberg, August 26, 2018

Reserves definitely are important, so don’t forget to get what you need saved up (or a gift is allowed for owner occupied purchases).

3 Major Myths about Housing Down Payments
By Platinum Home Mortgage, August 24, 2018   |  Updated: August 24, 2018

3 common myths about housing down payments explained: all forms of payment, have to have 20% down, and its smarter to put 20% down.

Your Kentucky Home Grant Program
By Mark Sammons, August 24, 2018   |  Updated: August 24, 2018

Your Kentucky Home Down Payment Assistance Gift Program offers all eligible borrowers affordable mortgage financing.

Mortgage insurance - love it or hate it? Pay it or avoid it?
By Corey Vandenberg, August 17, 2018   |  Updated: August 17, 2018

So the moral of the story is do the math, and think about the investment, it might save you some of your hard earned money from being spent at closing…

Down payment short? Get a gift! Know how to do it right...
By Corey Vandenberg, August 8, 2018   |  Updated: August 17, 2018

If you are going to get a gift, know the rules and please follow them to make the process much easier and get into your new home faster…

How to find down payment assistance in Illinois
By Steven Wyble, Ask a Lender, August 1, 2018

Down payment assistance is available in Illinois, whether you’re a first-time homebuyer or not. Check out this list of available programs and the requirements you need to be aware of to make sure you qualify.