Own More, Pay Less – New Mortgage Rules Make It Possible

Buying your dream home or upgrading to a larger one has never been easier. Whether you’re a first-time buyer looking to enter the market or a homeowner ready to move up, recent changes in mortgage rules are making homeownership more accessible. Learn how you can get into a home with less down payment and more flexibility.

How the New Rules Benefit You

Smaller Down Payment

With new rules, you can purchase a home with as little as 5% down for homes valued up to $1.5 million. This means you don’t have to wait years to save for a large down payment—you can start your journey to homeownership sooner than you thought possible.

Move Into a Bigger Home

For current homeowners, moving up to a larger home is now more achievable with reduced upfront costs. The increased insured mortgage cap allows you to buy a higher-priced home with less down payment, leveraging the equity in your current home.

More Financial Flexibility

Whether you’re buying your first home or upgrading, having a smaller down payment means you can keep more cash on hand for other important investments—whether it’s home improvements, paying off debt, or building an emergency fund.

Real-Life Example

Here’s how the new rules can make a difference for you:

• Scenario 1: First-Time Buyer
  • Home Price: $1.1 million
  • Traditional Down Payment (20%): $220,000
  • New Rule Down Payment: $85,000You save $135,000 upfront and get into your home sooner with less financial stress.
• Scenario 2: Second-Time Buyer
  • Current Home Value: $800,000
  • Upgrading to a $1.2 million home with only $95,000 down (instead of $240,000 under the old rules) saves you $145,000, allowing you to move up without draining your savings.

Maximize Your Home-Buying Potential

Whether you’re a first-time buyer or looking to move into a bigger home, now is the perfect time to explore your options. You can buy more home for less and get into the market without large upfront costs.

Take the Next Step Towards Your Dream Home

We’re here to help you take advantage of these new opportunities. Whether you’re just starting to explore your options or are ready to make a move, our experts are here to guide you through the process.

Frequently Asked Questions (FAQ)

What’s the new minimum down payment?

With the new rules, first-time and second-time buyers can now purchase homes with as little as 5% down on the first $500,000 and 10% on the remaining value for homes up to $1.5 million.

Do these rules apply to me if I already own a home?

Yes! If you’re a current homeowner looking to upgrade, these new rules allow you to leverage your home’s equity to move up to a bigger property with less upfront cost.

How does this affect my monthly payments?

Your monthly payments will depend on the mortgage amount, interest rate, and term length, but smaller down payments mean you can enter the market or upgrade your home without needing a large sum of cash upfront.

Ready to Start Your Journey?

Take control of your home buying experience today. We’re here to help you find the best option for your needs, whether you're purchasing your first home or moving up to your next one. Let’s explore how we can make homeownership more accessible for you.