Latest / Mortgage Research Network Podcast
Saving for a Home While Renting: 8 Proven Strategies That Actually Work
With rent eating up 28% of the average American’s income, saving for a home can feel impossible—but renters are getting more creative than ever. Tim Lucas and Craig Berry share eight proven strategies for turning tight budgets into down payments.In this episode you’ll learn:The new down payment reality: The average first-time buyer puts down just 9%, with options as low as 3–3.5%—and even 0% for VA and USDA loans.Creative savings hacks: Negotiating rent discounts for maintenance, moving back home, or using roommates to cut housing costs.Smart money systems: High-yield savings accounts…
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