Why Down Payment Planning Matters
One of the biggest obstacles for buyers is the down payment. Many first-time buyers in the Atlanta metro area feel stuck, believing they need 10–20% upfront. But in reality, there are multiple ways to make homeownership possible without a huge initial outlay.
At CAVU Realty, we guide clients—including pilots relocating near Peachtree City or Fayetteville, and buyers across South Atlanta suburbs and intown neighborhoods—through creative and practical funding strategies.
Common Down Payment Options
- Traditional Savings: Start a dedicated home fund. Even small, consistent contributions add up over time.
- Tax Returns or Bonuses: Apply year-end tax refunds or work bonuses to your down payment.
- Family Assistance: Some buyers receive gifts or loans from relatives to help reach their target.
- Retirement Account Loans: Certain 401(k) plans allow borrowing for a first-time home purchase.
First-Time Buyer Programs
Many Atlanta buyers qualify for programs that reduce or eliminate the need for a large down payment:
- State and local grants or assistance programs
- FHA loans with as little as 3.5% down
- Conventional programs with low down payments and flexible credit requirements
Some programs may also waive private mortgage insurance (PMI), lowering monthly costs.
Tailoring Options to Your Situation
Every buyer’s financial situation is unique. That’s why at CAVU Realty, we:
- Review your finances
- Explore available programs
- Recommend strategies that make sense for your short- and long-term goals
By understanding all your options, you can move confidently into the Atlanta housing market without overextending.
What’s Next?
After securing a plan for your down payment, the next step is Step 5: Getting Pre-Approved for a Mortgage in Atlanta. Pre-approval aligns your budget with your home search and strengthens your offer.
