I became a first-time homebuyer back in October of 2022, and my Loan Officer gave me the best housewarming gift ever- a 0% down loan.

According to data released in 2022 by the National Association of Realtors, the average first-time homebuyer pays around 6% of their home’s value as a down payment. According to data from Redfin, the average Clarksville house is selling for just shy of $300k. Based on these two numbers, the average homebuyer can expect to drop around $18k on their home purchase. What would you do with an extra $18k lying around? Because my Loan Officer knew what they were doing, I was able to use my extra cash to furnish my new home and even put some money aside for a rainy day fund.

Look- I make it no secret that I want as many people as possible to enjoy the wonders of homeownership. That said, I am under no illusion that the costs of buying a home, especially for a first-time homebuyer, are oftentimes prohibitively high. For this reason, I specialize in working with lenders that offer $0 down loan products.

Everyone’s heard of the VA loan. Heck- I make no secret that I consider it the strongest loan on the market. However, the VA loan isn’t the only loan that requires no minimum down payment. As a Loan Officer associated to a Mortgage Broker, I have the pleasure to work with dozens of different lenders who offer their own zero-down products- some even have prices that wipe the floor with the “big names” of the lending industry.

When it comes to a home loan, it’s important to ensure that it is tailored to your specific financial situation- that’s why it’s critical that your loan officer have a strong grasp of the industry and shops on your behalf. With as wide as the lending industry is, there’s a lender out there ideally suited for every situation.