If you’re stretching toward a home purchase, anything that shrinks the pile of cash you need at closing looks pretty appealing.
Homebuying assistance programs — usually in the form of help with your down payment or closing costs — could mean affording to buy now instead of waiting. Jeffrey Ruben, president of WSFS Home Lending in Greater Philadelphia, estimates about 12% of closings at WSFS Bank rely on some type of homebuying assistance.
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