6 Creative Ways to Afford a Home

If your income and savings are making homebuying a challenge, consider these options.

1.      Investigate local, state, and national downpayment assistance programs. T

2.      Get the seller to provide financing. 

3.      Consider a shared-appreciation, or shared equity, arrangement. Under this arrangement, your family, friends.

4.      Get help from your family. 

5.      Lease with the option to buy. Renting the home for a year or more will give you the chance to save more toward your down-payment. 

6.      See if you can qualify for a short-term second mortgage to give you the money to make a higher down-payment.