See if you Qualify for USDA Home Loans!qualify for USDA Home Loan
Call TOLL FREE to speak
with a USDA Loan Specialist
855-474-7169
zero dollars down 100% financing competitive mortgage rates flexible mortgage credit

See if you Qualify!

Loan Information
Your Loan History
Personal Details
( ) -
★ Your information is secure and never shared. Read the privacy policy.

USDA Home Loan Advantages:

A USDA Loan specialist is waiting to talk to you.
AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY

100% financing home loans

Primary Residential Mortgage, Inc.
10121 N Rodney Parham, Suites C & D
Little Rock, AR 72227
855-474-7169
501-225-5626
NMLS # 3094
Branch NMLS # 252910
Licensed by Arkansas Securities Department 11558
PRMI Privacy Policy
PRMI Terms of Use
PRMI Consumer Voice
PRMI Licenses
Equal Opprtunity Lender

Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.

Easy Ways on How to Save Money for Your House

Saving money for your house’s down payment can be challenging. Your mortgage provider will require you to put down at least 20% of your total house equity when buying a home. For most people, that’s already a lot. That’s why you need to learn how to save up before you prepare for your purchase. Here are some ways on how to save money for your house’s down payment:

Choose a House that You can Afford

Your first step when buying a house is to look for a home that you can afford. List down all your requirements for a home such as location, size, and even the neighborhood. These factors should help you decide on where to look for a house.

Check if your generated income is enough to compensate your existing monthly expenses plus your possible mortgage payment. You can then try to look for a house that can fit your income. According to some real estate agents from Georgia, houses are ranging from $100,000 to millions, depending on their location, size, etc.

Although there are many programs that assist homebuyers in lowering down their down payment, it would still be best to save up money that would be enough to cover the 20% down payment required by most mortgage institution. Some real estate brokers in Macon claims that putting down more than 20% of your total balance will more likely help you to negotiate your mortgage rate.

Set- up an Automatic Savings Account

Once you know how much it costs to get a loan, the next step is to set up an automatic savings account with your bank. This is a great help since you wouldn’t have to manually go to the bank and save a portion of your salary. You can choose a fixed amount to be deducted from your paycheck or checking account, into your automatic savings account. You can try to coordinate with your bank on how to set- up an automatic savings account.

Limit Your Unnecessary Purchase

Limiting your purchases would probably be the hardest thing to do. Your tendency is to always find a reason, or an excuse, on why you need to buy certain stuff even though it’s not really necessary. This would take a lot of discipline and self- control. But see this as a small sacrifice for a much bigger cause. Set your priorities straight and ask help if needed.

Try to Save Little by Little

Save any extra money that you can get and add it to your budget for the house’s down payment. Any extra coming from your bonuses, commissions, and even tax refunds can greatly help you in saving up for your initial down payment. You might get tempted to spend a bit of it, but make sure to keep yourself on track and remember the reason why you're saving up.

<< Back to the list.