Blog

Your Tax Refund Could Help You Purchase a Home

Your Tax Refund Could Help You Purchase a Home

February 26th, 2018 | Home Buying Tips, First-Time Homebuyers

Are you getting a tax refund this year? According to the IRS, the average U.S. tax refund is more than $3,000. While big tax refunds make it a popular time of year to purchase big-ticket items such as large-screen television sets, we’d like to remind you of another use for that money: As a down payment on a Utah home.

If you’ve already saved some money toward a down payment, your tax refund could help boost your down payment fund. Haven’t started saving yet? This year’s refund can also help you jump-start a down payment savings account towards your new home in Salt Lake City.

One of the biggest home buying myths today is that you need a lot of money to buy a home. In reality, the median U.S. down payment in 2017 was 10 percent, according to the National Association of Realtors. There are low- and even no-down payment home loan programs available. Questions about buying a home? We’re here to answer your questions.



Your Local Utah Mortgage Broker

As a Utah mortgage broker we work with several different mortgage lenders, enabling us to offer you a variety of mortgage programs at the best mortgage rates and lowest fees available. Working with several lenders allows us to offer more options to help you achieve your goals. Whether you're buying a new home or refinance your current home, Advanced Funding is here to help. Our loan professionals are available to help you during regular business hours or time that is more suitable to your needs. Call today for more information, 801-272-0600.

Utah VA LOAN ADVANTAGE

Veterans Affairs mortgages, better known as VA loans, make it easier for veterans to get financing to buy a home. Utah VA loans usually do not require a down payment and are available to military veterans and active military members. The Utah VA mortgage remains one of the few mortgage options for borrowers who don’t have the money for a down payment. VA loans are somewhat easier to qualify for than conventional mortgages. It offers a great benefit to those who are serving or have served our country.

Advanced Funding Home Mortgage Loans
6589 South 1300 East, Suite 200
Salt Lake City, UT 84121

BBB

NMLS ID 13287 | Policy Privacy | Licensing | Employee