The biggest barrier for First Time Home Buyers is coming up with the funds for a downpayment. So how are SO many first time buyers and millennials doing it?   Let’s start with the fundamentals. The minimum downpayment for a home is 5% but this is tiered based on purchase price… so most often it will be more than 5% unless you purchase under $500,000 and qualify to put down the minimum allowable.   Up to $500,000: 5%  of purchase price $500,001 -... [read more]