Save for a Down Payment
At Renasant, we offer a variety of loan programs with a variety of down payment options. For those that have down payment requirements, we know that saving for a down payment can seem daunting, so it is a good idea to save for that goal before searching for a home. Over time, saving money for a down payment can add up and possibly decrease or eliminate mortgage insurance requirements, if applicable to the loan program.
Feel free to use the below as a way to estimate a budget. If you fill it out, keep it in a secure or private location to help keep your personal information safe.
Maybe your income is more than your expenses. You have money left to save or spend. Maybe your expenses are more than your income. Look at your budget to find expenses to cut.