LMCU Member News

Ways to save for a down payment on your home

Written by Lake Michigan Credit Union | Mar 31, 2020 12:34:31 PM

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 when you finally find the one.

Use gift money.
Monetary gifts 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, or call (844) 754-6280 .

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