Use Tax Return as Down Payment on Home

Use Your Tax Return to Build Homeownership Wealth

CategoriesFinancial Education / Home Financing Tips

Rebecca Squyres

February 15, 2019

Use Your Tax Return as a Down Payment on a New Home

Your tax return provides a great opportunity to invest in homeownership. Have you considered putting your tax refund towards a down payment or closing costs on a new home?

With mortgage programs like HomeOne, FHA Loans, USDA, and more, all requiring a down payment of less than 20%, tax returns provide an exceptional opportunity for anyone looking to purchase a home. Some loan programs require as little as zero to 3.5% down. Your refund alone could get you close to 3.5% or help cover closing costs.

Your dream home may be closer to your reach than you thought!

Consult with a GMFS Mortgage loan officer about buying your dream home and see how much your refund will help.