Saving for Your Down Payment and Closing Costs

Build your savings plan for a stress-free home purchase with Seeking Agents™.

Saving Is Step One

Your first home starts with cash in hand—down payments and closing costs can hit 5-25% of the home price. Building that nest egg takes planning, but it’s doable. Seeking Agents™ can connect you with pros who share savings tips and shortcuts to get you there faster.

Let’s stack those dollars.

How to Save Smart

Try these strategies to hit your goal:

  • Set a Target: Aim for 3-20% down ($6,000-$40,000 on a $200,000 home) plus 2-5% for closing ($4,000-$10,000).
  • Cut Expenses: Skip takeout or subscriptions—$100/month saved is $1,200/year.
  • Boost Income: Side gigs or overtime can pad your fund—$500 extra monthly gets you $6,000 in a year.
  • Look for Help: First-time buyer grants or family gifts can cut what you need to save.

Small moves add up—start early, stay steady.

How Seeking Agents™ Fuels Your Savings

Seeking Agents™ maximizes your savings through agent competition:

  • Reduced Commissions: Agents compete to offer lower rates (e.g., 1.5% vs. 3%), cutting your costs significantly.
  • Smart Financial Guidance: They can highlight ways to save, like exploring low-cost loans or state grants.
  • Cost-Effective Choices: They can suggest options to avoid overpaying on services like inspections or appraisals.

Example: On a $200,000 home, a 3% commission costs $6,000. An Seeking Agents™ agent at 1.5% saves $3,000—money for your down payment or home upgrades.

Your Savings Checklist

Track progress with these:

  • “How much do I need total for down payment and closing?”
  • “What can I cut to save $100+ monthly?”
  • “Are there grants or programs I qualify for?”
  • “How long will it take at my current savings rate?”

Ask an Seeking Agents™ pro to fine-tune your plan.

Start Saving Now

Ready to build your home-buying fund? Seeking Agents™ connects you with agents who can help you save smarter and faster. Kick off your plan today.

Find Your Agent Now

Keep going: Understanding Loan Options for First-Time Buyers

More Money-Saving Tips