Down-payment Assistance

You Don’t Need 20% Down to Own Your Own Home

Recently, Team Bailie embarked on a mission: to provide expert advice to renters who would like to own a home but do not have the 20% nut to drop on a conventional-loan down payment. Cutting right to the quick, our most recent home sale to renters through our Down-Payment Assistance Program saw or buyers bringing about $1,200 to closing while the assistance they received was more than $8,000! Down-payment assistance can be a combination of several elements including: buyers qualifying for at least one of 55 assistance programs offered in the state of Florida; the seller contributing funds toward closing costs; lenders contributing toward closing costs and other sources. If you or somebody you know are looking for Down-Payment Assistance, get in touch with Team Bailie today.

What is a Certified Home Buying Advisor™?

At Team Bailie, we are Certified Home Buying Advisors™. What does this mean? You can receive down payment assistance to cover some or all of your down payment and closing costs from a variety of sources nationwide. A Certified Home Buying Advisor is one of America’s most knowledgeable real estate professionals on the topic of down payments. We have been through extensive training and are well-versed on the process of helping homebuyers take full advantage of the thousands of funding sources available. Only a handful of real estate professionals have earned this designation. It is a reflection of our commitment to mastering a specialized field that is both important and complex. The Certified Home Buying Advisor represents the standard of excellence that define professionalism. The interests of the buyer always come first, and the advisor is obligated to insure the client is well-informed on all aspects of available assistance. Never before have America’s homebuyers been able to turn such a trusted resource. A Certified Home Buying Advisor can change the way people buy a home, and help make the dream of homeownership a reality.

Buy vs. Rent Comparison

The chart below shows a cost comparison for a renter and a homeowner over a seven-year period. In this case scenario, the renter pays $800 per month with annual increases of 5%. The homeowner purchases a home for $110,000 and pays a monthly mortgage of $1,000.

  • After six years, the homeowner’s payment is lower than the renter’s monthly payment.
  • With the tax savings of homeownership, the homeowner’s payment is less than the rental payment after 3 years

Source: Ginnie Mae,


For more information, contact REALTOR Eric Sommerton at (239) 269-3248 or by email; to speak directly to a lender representative, contact Michelle D’Auria above.