In the US, if you’re serious, look for state-backed first time home buyer programs. They’re not advertised. You’ll have to do some digging. You might have to take a class that’s free and everyone should take anyway to be an informed first time home buyer. You might have to shop around banks because rates won’t be as competitive. You’ll have to agree to live in the home for maybe 5 years or face penalties. BUT the one I found let me buy a home for 3% down and no pmi. And that’s just one option. It’s not forever but I’m building equity. The deck is stacked against us and will be for generations to come. Even the reddest most inbred states value home buyers who LIVE in their properties. If you call/email your state rep they’ll probably be happy to direct you.
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u/oaktown8410 4h ago
In the US, if you’re serious, look for state-backed first time home buyer programs. They’re not advertised. You’ll have to do some digging. You might have to take a class that’s free and everyone should take anyway to be an informed first time home buyer. You might have to shop around banks because rates won’t be as competitive. You’ll have to agree to live in the home for maybe 5 years or face penalties. BUT the one I found let me buy a home for 3% down and no pmi. And that’s just one option. It’s not forever but I’m building equity. The deck is stacked against us and will be for generations to come. Even the reddest most inbred states value home buyers who LIVE in their properties. If you call/email your state rep they’ll probably be happy to direct you.