Q: I’m a first-time homebuyer and I don’t have money for a down payment of $8,000. I have only $2,000. (I pay $1,570 for rent right now.) Prices are so low right now that I really would love to buy a house. How can I get into a house without putting so much down for the closing costs?

A: There are certainly strategies for finding money to bolster your down payment and accelerate your ability to buy a home, and we’ll get there in a minute. First, though, I want to caution you about rushing into homeownership while your finances might be immature for the responsibility.

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