---
title: Ways to save for a down payment on your home
description: Use your tax refund. Put all or part of your tax refund away into savings (or better yet, a 3% Max Checking account) so it's ready
image: https://blog.lmcu.org/hubfs/Mortgage/new-bathroom.jpg
---

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## Ways to save for a down payment on your home

 Posted March 31, 2020  |   Topics: [Home Financing & Renovation](https://blog.lmcu.org/tag/home-financing-renovation)

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![new bathroom](https://blog.lmcu.org/hubfs/Mortgage/new-bathroom.jpg)

**Use your tax refund.  
**Put all or part of your tax refund away into savings (or better yet, a [3% Max Checking account](https://www.lmcu.org/personal/banking/checking-accounts/max-checking/)) so it's ready when you finally find the one.

**Use gift money.  
**[Monetary gifts](https://blog.lmcu.org/how-to-use-gift-money-to-buy-your-home) can be used for your entire down payment.* A donor could be an immediate family member, domestic partner, or finance.

**Consider low down payment or down payment assistance programs.  
**You might be eligible to receive money towards your down payment thanks to our down payment assistance programs, or put as little as 0-3% down** with our low down payment programs.

If you're ready to finance the home of your dreams, connect with one of our [expert Loan Officers](https://www.lmcu.org/personal/borrow/mortgages/find-loan-officer/), or call [(844) 754-6280](tel:=18447546280) .

**Gift money dependent on loan program. Must meet eligibility requirements. **For well-qualified borrowers.*

 Topics: [Home Financing & Renovation](https://blog.lmcu.org/tag/home-financing-renovation)

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