Buying a Home With Less Upfront

Thinking about buying a home but worried about the upfront cash? Here’s a powerful tip that can save you thousands when you're trying to get into a new home with a smaller down payment. 🙌🔑

Most people assume you must put down a large amount — especially with a conventional mortgage. But the truth is…
👉 You can buy a home with as little as 3% down when you use Private Mortgage Insurance (PMI).

PMI is a tool that allows you to purchase a home sooner, without waiting years to save a big down payment. Here’s how it works:

💡 How PMI Helps You Buy With Less Money Down

You can put just 3% down on a conventional loan

PMI typically costs 0.5% to 1% of your loan amount per year

PMI eventually drops off once you reach enough equity — meaning it’s not forever

You get into a home faster, start building equity sooner, and avoid rising rents or rising home prices

For buyers who can’t afford 10–20% down, understanding PMI can make the difference between waiting years and becoming a homeowner today. 🏡💙

If you want help running your numbers or figuring out how low your upfront cost can be, reach out — we’re here to guide you every step of the way. 👨‍🦳👨‍💼✨
Grandpa Mortgage & Home Loan Lee at Empire Home Loans — helping you buy smart.

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