What are you doing with your tax refund?

Are you getting a tax refund this year? According to the IRS, the average U.S. tax refund is nearly $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 to buy a home? 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 average downpayment for first-time home buyers nationwide is about 6% of the purchase price, according to the National Association of Realtors. There are 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.

At PRMI, our FHA loan programs are designed for first-time homebuyers with low to moderate incomes. With low downpayment requirements and flexible underwriting guidelines, this program helps many families to buy a home even if they have limited financial resources. Rely on a trusted FHA loan lender like us to walk you through each step of getting the affordable home you want. We also work with many other types of loan programs, including the USDA and VA. Designed for active-duty military personnel and veterans, the VA home loan program is another great option for first-time home buyers who qualify.

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 help guide home buyers through the mortgage process, one step at a time. We’d love to help you, too! Get started today with a call to us: (360) 903-7890

*Closing Costs and fees may still apply.