It’s tax season again, and many Americans are getting tax refunds. Big refunds. According to the IRS, the average U.S. tax refund is more than $3,000, with some families getting thousands more. A large refund could be a nice addition to a downpayment savings fund. If you haven’t started saving for a home yet, it’s a great way to get started.
How much do you need to save? Visit us and we’ll crunch some numbers for you. Surveys show that many first-time home buyers overestimate the amount of money they need to be able to buy a home. The median U.S. downpayment last year was 10 percent, according to the National Association of Realtors. There is a variety of low-downpayment and even some no-downpayment home loan programs available that can help reduce the amount of money you’ll need to bring to the closing table.
If you’re ready to take the next step toward owning your own home, work with a team that can provide the personal attention you deserve. At Primary Residential Mortgage, we’ve helped more than 200,000 borrowers fulfill their dream of home ownership. We’d love to help you, too!