Boosting Borrowing Power Without Large Down Payments

First-time buyers who may not have significant savings for a down payment can still boost their borrowing power in other ways.

One option is to work on improving your credit score. A higher score can help you qualify for a lower interest rate, which can significantly affect your monthly payment and overall borrowing power.

Another strategy is to look into down payment assistance programs. Many states and local governments offer grants or low-interest loans to help first-time buyers with their down payment and closing costs.

Would you like to read more? Please visit our blog- https://www.mwloan.com/blog/down-payments-could-cost-you-in-coachella-valley
Or give us a call: (760) 883–5700