Own a Home with as Little as $1,500 Out of Pocket
See if buying — instead of renting — may be possible for you.
Program Overview
The $1500 Out of Pocket program is designed for renters who want to seriously explore buying a home — but aren’t sure if it’s possible yet. We’re here to help by taking the guesswork out of buying.
This program compares renting and owning using real, personalized numbers.
At its core, the program shows how qualified buyers may be able to purchase a home with as little as
$1,500 out of pocket, helping remove one of the biggest perceived barriers to homeownership.
The program provides clarity, structure, and a straightforward path forward — without pressure. There’s no magic here, eligibility, terms, and outcomes remain subject to lender guidelines and individual qualifications.
This program is ideal for:
- Renters wondering if they’re closer to buying than they think
- People who assume they need a large down payment saved
- Buyers who want a clear, step-by-step understanding of their options
When you apply, there’s no obligation. We’re here to help you determine whether
buying with limited upfront cash is the right choice for you and your situation.
Why Renters Explore This Program
Are you feeling stuck in the rental market. Tired of apartments and landlords who raise rents without giving you more for your money? Maybe it’s time for a move.
Many renters are told:
- You need far more money saved to buy a home
- Your credit must be perfect
- It's not a good market, better to wait
Sometimes those statements are accurate. Often, they're just assumptions made without reviewing real numbers.
This program exists to help renters compare continuing to rent vs buying a home, using realistic scenarios – not online estimates and sales pressures.
Important Eligibility Information
(Please Review Before Applying)
This program addresses Cash-to-Close challenges only and is intended to reduce the savings barrier for many renters — not eliminate financial responsibility. Other qualifications still apply.
Cash Needed to Close
The $1,500 needed represents an estimate of common upfront costs. These typically include:
- A home inspection
- An Appraisal
- Your Credit report
Actual costs vary by transaction and lender. In some cases, these expenses may be paid using credit or other financing, subject to lender approval.
Credit Requirements
You’ll need a minimum 660 Middle Credit Score. Your Middle Credit Score is determined from: Equifax, Experian, TransUnion
Affordability Expectations
Buyers should be able to comfortably support a minimum estimated monthly housing payment of approximately $2,200. This estimate includes Principal, Interest, Taxes, and Insurance. At this payment amount, purchase prices may be around $250,000, depending on loan terms and market conditions.
Higher purchase prices — including homes exceeding $500,000 — may be possible, but will result in substantially higher monthly obligations.
Prospective buyers are encouraged to assess credit readiness and payment comfort before applying.
If You've Already Saved Funds
With our program, having savings is an advantage — not a requirement.
Buyers who have saved $5,000, $10,000, or more may have additional flexibility.
The funds saved can:
- Strengthen negotiation leverage
- Expand available home options
- Help bridge gaps where seller concessions do not fully cover closing costs
For example, a seller may be willing to contribute a certain amount toward closing costs, but not the full amount required for a specific transaction. Buyer funds can help bridge that gap for a particular home.
Why Buyers Consider Homeownership
Homeownership has historically been associated with higher long-term net worth compared to renting. Some studies indicate homeowners may accumulate significantly more wealth over time; however, results vary based on individual circumstances, financial habits, and market conditions.
Buying a home as a personal financial decision and should align with your long-term goals and comfort level.
The Golden Key
Your Realtor – The Buyer's Agent
Successful use of this program requires coordination with a qualified buyer's agent.
The buyer's agent plays a critical role in:
- Structuring the purchase contract appropriately
- Negotiating potential seller-paid closing costs
- Aligning pricing, timelines, and concessions
Not all Realtors understand how to structure transactions to take advantage of this program. The Boyesen Group has identified realtors who understand and can position your offer for success. If needed, assistance may be available to help connect buyers with an agent experienced with this approach.
Market Context - Important
Today, we’re in a market that lends itself to this type of program. We all know, over time real estate markets can vary by location. Future market changes may impact availability, structure or outcomes. This opportunity for seller-paid closing costs depends on individual transactions and is not guaranteed.
Final Step
Only you can determine whether now is the right time to pursue homeownership.
This program is intended to provide structure, education, and clarity — not pressure.
Apply now to explore whether buying with limited upfront
cash may be appropriate for you.
Information provided is for educational purposes only and does not constitute a commitment to lending.
All loans are subject to credit approval, underwriting, and program guidelines.
