14 Sources of Down Payment Money

1. Your Employer

Check to see if your company offers
home buying or relocation

2. Friends and relatives

Ask for those near and dear to you for cash gifts.

3. Your local government, city and county

Google your city, county, and state for gov sites
that offers down payment assistance programs.

4. Tax Refund

Forego the spending spree and bank your
refund instead.

5. A second job

Work a few hours a week driving or making
deliveries; make use of specific skills by picking
up freelance work online.

6. Reprioritized expenses

Redirect unnecessary cost to your down
payment fund; Bring lunch from home, cut
back on your cable TV plan. quit the gym.

7. Garage sale

Get a jumpstart on packing by offloading
unwanted items.

8. Online Selling

Sell your more unique or collectible items on eBay,
and use Craiglist or LetGo to sell other items
more locally.

9. High-yield saving accounts

Move down payment refund from your no-interest
checking account to an interesting-bearing
saving account.

10. Spend-to-save programs

Sign up for bank programs that automatically
transfer funds from your checking account to
your savings account when you make debit or
check card purchases.

11. Cash rewards credit card

Switch to credit card that pays cash-back
rewards instead of merchandise or service points.

12. Retirement accounts

Ask your financial adviser if it's possible to
borrow some funds from your 401(k) or IRA.

13. Sale of stocks or other investments

Parse your investment portfolio for stocks, bonds,
mutual funds or securities that you can liquidate.

14. Save of previous home

If you've already sold your existing home- or plan
to- your built-up equity could make a sizeable
contribution to your down payment.