Own a Home With as Little as $1,500 Out of Pocket

See if buying — instead of renting — may be possible for you.

This program is designed to provide information and clarity. Eligibility, terms, and outcomes are subject to lender guidelines and individual qualifications.

Apply Now

No obligation. This step helps determine whether buying with limited upfront cash may be realistic for your situation.

Why Renters Explore This Program

Many renters are told:

  • You need far more money saved to buy a home
  • Your credit must be perfect
  • It's better to wait

Sometimes those statements are accurate. Often, they are assumptions made without reviewing real numbers.

This program exists to help renters compare continuing to rent versus buying a home, using realistic scenarios — not online estimates or sales pressure.

What the $1,500 Out-of-Pocket Estimate Covers

The $1,500 figure represents an estimate of common upfront costs, which may include:

  • Home inspection
  • Appraisal
  • 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.

This program is intended to reduce the savings barrier for many renters — not eliminate financial responsibility.

Important Eligibility Information (Please Review Before Applying)

This program addresses cash-to-close challenges only. Other qualifications still apply.

Credit Requirements - Minimum 660 middle credit score required - Middle 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 - Estimate includes principal, interest, taxes, and insurance - At this level, 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

Buyers who have saved $5,000, $10,000, or more may have additional flexibility.

Saved funds 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 may help bridge that gap for a particular home.

Having savings is an advantage — not a requirement — under this program.

Market Context (Important)

Real estate market conditions vary by location and over time. Opportunities for seller-paid closing costs depend on individual transactions and are not guaranteed.

While conditions supporting this program have been less common historically, future market changes may impact availability, structure, or outcomes.

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 Buyer's Agent (Realtor)

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 choose to structure transactions this way. If needed, assistance may be available to help connect buyers with an agent experienced with this approach.

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 lend. All loans are subject to credit approval, underwriting, and program guidelines.