 

{"id":287888,"date":"2026-04-09T04:08:32","date_gmt":"2026-04-09T08:08:32","guid":{"rendered":"https:\/\/www.houzeo.com\/blog\/?p=287888"},"modified":"2026-04-09T04:08:39","modified_gmt":"2026-04-09T08:08:39","slug":"how-to-save-for-a-house","status":"publish","type":"post","link":"https:\/\/www.houzeo.com\/blog\/how-to-save-for-a-house\/","title":{"rendered":"How to Save for a House? Save for the Down Payment!"},"content":{"rendered":"\n<p>Buying a home in 2026 requires more upfront cash than in recent decades. On a <a   href=\"https:\/\/www.houzeo.com\/housing-market\" target=\"_blank\" rel=\"noreferrer noopener\">$422,921<\/a> home, a 10% deposit means saving $42,292, which is no small amount for most buyers.<\/p>\n\n\n\n<p>With the U.S. median household income at $83,730, saving for a home can feel overwhelming. That&#8217;s why having a clear plan is more important than ever.<\/p>\n\n\n\n<p>This guide breaks down exactly how much you need to save and how long it will realistically take. We have mentioned 12 strategies to get you closer to owning your home.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-custom-accordion custom-accordion\">\n<div class=\"wp-block-custom-accordion-item accordion-item\"><button class=\"accordion-header\"><span class=\"accordion-title\">\ud83c\udfe0 What is Houzeo?<\/span><img decoding=\"async\" loading=\"lazy\" width=\"840px\" height=\"450px\" class=\"accordion-icon\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/flat-fee-mls\/faqArrow.svg\" alt=\"toggle\"\/><\/button><div class=\"accordion-content\">\n<p>Houzeo is America&#8217;s best home buying and selling platform.<\/p>\n\n\n\n<p><strong>For Home Sellers:<\/strong> List your home for a Flat Fee, and save 2.5% to 5.5% on the listing agent commission! That&#8217;s thousands of dollars extra in your pocket.<\/p>\n\n\n\n<p><strong>For Home Buyers:<\/strong> Houzeo has the largest number of <a   href=\"https:\/\/www.houzeo.com\/homes-for-sale\" target=\"_blank\" rel=\"noreferrer noopener\">houses for sale in the US<\/a>. Start your dream home search now!<\/p>\n<\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-custom-accordion custom-accordion\">\n<div class=\"wp-block-custom-accordion-item accordion-item\"><button class=\"accordion-header\"><span class=\"accordion-title\">\ud83d\udcf1 Does Houzeo have a mobile app?<\/span><img decoding=\"async\" loading=\"lazy\" width=\"840px\" height=\"450px\" class=\"accordion-icon\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/flat-fee-mls\/faqArrow.svg\" alt=\"toggle\"\/><\/button><div class=\"accordion-content\">\n<p>Yes! You can list your home for sale or search millions of homes on the Houzeo mobile app!<\/p>\n\n\n\n<p>Download now on the <a   href=\"https:\/\/apps.apple.com\/app\/id1576836461\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Apple App Store<\/a> or the <a   href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.houzeo.houzeo&#038;pli=1\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Google Play Store<\/a>.<\/p>\n<\/div><\/div>\n<\/div>\n\n\n\t<div  class=\"hfsWidget \" data-widget-title=\"Find your dream home \ud83c\udfe0\" data-widget-list-item1=\"1st item\" data-widget-list-item2=\"2nd item\" data-widget-list-item3=\"3rd item\" data-widget-type=\"buyer1\" data-widget-vendor-type=\"inspector\" data-widget-state=\"us\" data-widget-city=\"\" data-widget-redirect-url=\"https:\/\/www.houzeo.com\/homes-for-sale\" data-widget-redirect-text=\"Homes for sale\" data-widget-button-url=\"https:\/\/www.houzeo.com\" data-widget-button-text=\"\" data-widget-min-price=\"0\" data-widget-max-price=\"0\" data-widget-min-area=\"0\" data-widget-max-area=\"0\" data-widget-sidebar=\"false\">\n        <div class=\"widgetMainBox mainBox456\">\n        <div class=\"widgetBox widgetBox3 buyer-one\">\n            <div class=\"widgetTop\" style=\"display: flex;\">\n                <div class=\"widgetTopcont\">\n                    <div class=\"homePageQuickListing -page homepage widgetInBox3 hfs_new_design_widget\">\n                      <div class=\"HeaderTopSidebar\"> \n                        <p class=\"headerStyle\">Find your dream home \ud83c\udfe0<\/p>\n                                                                         <div class=\"widgetList skeleton skeleton-text\">\n                            <p>View 1,615,559 homes for sale in <span\n                            class=\"propertyStateSpan\">US<\/span><\/p>                            \n                        <\/div>\n                                                                      <\/div>  \n                        <div class=\"verifyFieldForm addInput\">\n                            <div class=\"inputSearchBox\">\n                                <div class=\"inputBoxElement addressBar\">\n                                    <input type=\"text\" name=\"ITBTtRE\" id=\"buyerAutocomplete\"\n                                        placeholder=\"Enter an address, city, neighborhood, or ZIP\"\n                                        class=\"pac-target-input buyerAutocomplete\" autocomplete=\"off\">\n                                <\/div>\n                                <span class=\"errorStreetMsg errorMsg\">Please enter valid address<\/span>\n                            <\/div>\n                            \n                            <div class=\"inputSubmitBox\">\n                                                                <button id=\"buyerBtnBox456\" class=\"continueCta storeAddress next_btn buyerBtnBox\">Search\n                                    <span class=\"arrowContinue\"><\/span><\/button>\n                            <\/div>\n                        \n                        <\/div>\n                    <\/div>\n                <\/div>\n            <\/div>\n            <div class=\"widgetInsideBox\">\n                <div class=\"widgetPropertyBoxNew\" id=\"propertyContainer\">\n                <div class=\"widgetPropertyInnerBox\">   \n                 \t\t\t\t\t\t   <div class=\"widgetPropColumnNew halfWidthCard\">\n\t\t\t\t\t\t\t  <a href=\"https:\/\/www.houzeo.com\/homes\/320-white-horse-pike-waterford-works-nj-08089\/hzid_b2cdddfe\" class=\"widgetAnchorColumnLink\" target=\"_blank\" >\n\t\t\t\t\t\t\t\t   <div class=\"widgetImageBox\">\n\t\t\t\t\t\t\t\t\t   <img decoding=\"async\" src=\"http:\/\/bright-media01.prd.brightmls.com\/bright\/images\/0000\/8043\/1546\/0066\/804315460066_512_384_WM_4KoSwdPjdp6yH9gd.jpg\" alt=\"\" onerror=\"this.src='https:\/\/dtpwvruv8ddnl.cloudfront.net\/seller\/listing\/uploads\/listing_images\/thumbnails\/empty-property.jpg';\">\n\t\t\t\t\t\t\t\t\t   \t\t\t\t\t\t\t\t\t\t\t\t   <img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/idx\/bright-mls-logo-xs.webp\" alt=\"logo\" class=\"insideWidgetLogo\">\n\t\t\t\t\t\t\t\t\t\t\t\t   \t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t   <div class=\"widgetTextBox\" >\n\t\t\t\t\t\t\t\t\t   <p class=\"priceText\">$349,999<\/p>\n\t\t\t\t\t\t\t\t\t   <span class=\"addressText\">\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t320 white horse pike, <br\/>waterford works, NJ 08089\t\t\t\t\t\t\t\t\t<span class=\"suummarize-info grey-img\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/blog\/blog-info-gray.svg\" alt=\"\">\n\t\t\t\t\t\t\t\t\t\t <span class=\"voult-tooltip-box\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"info-wrap\">\n\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"fz-12\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\tListing Provided by: Carla H Cornick | Coldwell Banker Realty <br>\t\t\t\t\t\t\t\t\t\t\t\t\tSource: Bright MLS-NJ | MLS#: NJCD2101482<\/p>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t   <\/div>\n\t\t\t\t\t\t\t   <\/a>\n\t\t\t\t\t\t   <\/div>\n\t\t\t\t\t\t   \t\t\t\t\t\t   <div class=\"widgetPropColumnNew halfWidthCard\">\n\t\t\t\t\t\t\t  <a href=\"https:\/\/www.houzeo.com\/homes\/252-260-college-st-burlington-vt-05401\/hzid_b6919965\" class=\"widgetAnchorColumnLink\" target=\"_blank\" >\n\t\t\t\t\t\t\t\t   <div class=\"widgetImageBox\">\n\t\t\t\t\t\t\t\t\t   <img decoding=\"async\" src=\"https:\/\/cdn.houzeo.com\/idx\/media\/104\/NERENM5083112\/1_24991040_6ee567eac2_dim_640X450.webp\" alt=\"\" onerror=\"this.src='https:\/\/dtpwvruv8ddnl.cloudfront.net\/seller\/listing\/uploads\/listing_images\/thumbnails\/empty-property.jpg';\">\n\t\t\t\t\t\t\t\t\t   \t\t\t\t\t\t\t\t\t\t\t\t   <img decoding=\"async\" src=\"https:\/\/cdn.houzeo.com\/images\/idx\/prime-mls-logo-xs.webp\" alt=\"logo\" class=\"insideWidgetLogo\">\n\t\t\t\t\t\t\t\t\t\t\t\t   \t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t   <div class=\"widgetTextBox\" >\n\t\t\t\t\t\t\t\t\t   <p class=\"priceText\">$6,950,000<\/p>\n\t\t\t\t\t\t\t\t\t   <span class=\"addressText\">\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t252-260 college st, <br\/>burlington, VT 05401\t\t\t\t\t\t\t\t\t<span class=\"suummarize-info grey-img\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/blog\/blog-info-gray.svg\" alt=\"\">\n\t\t\t\t\t\t\t\t\t\t <span class=\"voult-tooltip-box\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"info-wrap\">\n\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"fz-12\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\tListing Provided by: Robert Foley | Flat Fee Real Estate <br>\t\t\t\t\t\t\t\t\t\t\t\t\tSource: NEREN\/Prime MLS-NH | MLS#: 5083112<\/p>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t   <\/div>\n\t\t\t\t\t\t\t   <\/a>\n\t\t\t\t\t\t   <\/div>\n\t\t\t\t\t\t                        <div class=\"widgetPropColumnNew fullWidthCard \">\n\t\t\t\t\t\t<a href=\"https:\/\/www.houzeo.com\/homes-for-sale\" class=\"widgetanctextfind widgetancTextForAll\" target=\"_blank\">Homes for sale<span><img decoding=\"async\" src=\"https:\/\/houzeo-media-1.s3.amazonaws.com\/homes-for-sale\/blue-arrow.svg\" alt=\"arrow\" width=\"11\" height=\"10\"><\/span> \n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n                   <\/div>   \n               \n                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n       \n    <\/div>\n\t<script>\n    document.addEventListener(\"DOMContentLoaded\", function() {        \n        if (!window.assetsLoaded) {\n            window.assetsLoaded = true;\n            var version = (typeof customData !== 'undefined' && customData.customVersion) ? customData.customVersion : '1.0';\n            loadScript('\/blog\/wp-content\/themes\/houzeo-new-design\/js\/hfs-widget.js?version=' + version);\n            loadCSS('\/blog\/wp-content\/themes\/houzeo-new-design\/css\/hfs-widget.css?version=' + version);\n        }    \n    });\n\t\t\n\t<\/script>\n\t\n\n\n\n<div class=\"wp-block-houzeo-takeaways-list takeawaysSec\"><p class=\"headKeySec\"><strong>Key Takeaways<\/strong><\/p><ul class=\"listing\"><li>For a median-priced home of $422,921, your total savings target should fall between $60,900 and $98,100.<\/li><li>As a first-time buyer, you need to save an average 10% amount of the home&#8217;s purchase price. <\/li><li>A zero-based budget, automated transfers, and a HYSA are the three fastest ways to build your house fund.<\/li><li>Your DTI needs to stay under 43%. Clear high-interest debt like credit cards before saving, or lenders may not approve your mortgage.<\/li><li>Eligible buyers can skip the down payment entirely with VA or USDA loans.<\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"how-much-should-you-save-before-buying-a-house\"><strong>How Much Should You Save Before Buying a House?<\/strong><\/h2>\n\n\n\n<p>Before you start saving, you need to understand what costs are associated with buying a house. You need to consider the total cost you need in the bank before you close.<\/p>\n\n\n\n<p>According to the NAR, the median down payment for first-time buyers is <a   href=\"https:\/\/www.nar.realtor\/magazine\/real-estate-news\/nar-2025-profile-of-home-buyers-sellers-reveals-market-extremes#:~:text=10%25\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">10%<\/a> and 23% for repeat buyers. The median down payment for all buyers was 19%. That said, the higher the down payment, the lower the mortgage insurance and monthly payments.<\/p>\n\n\n\n<p>Here&#8217;s a breakdown of every upfront cost to factor into your savings goal for a US median home price of $422,921:<\/p>\n\n\n\n<figure id=\"how-much-to-save-for-a-house\" class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Type of Cost<\/th><th class=\"has-text-align-left\" data-align=\"left\"><strong>Range<\/strong><\/th><th><strong>Incurred Cost<\/strong><\/th><\/tr><\/thead><tbody><tr><td>Down Payment<\/td><td class=\"has-text-align-left\" data-align=\"left\">10% of home price<\/td><td>$42,292<\/td><\/tr><tr><td>Closing Costs<\/td><td class=\"has-text-align-left\" data-align=\"left\">2%\u20136% of your loan amount<\/td><td>$7,600 \u2013 $22,800<\/td><\/tr><tr><td>Moving Costs<\/td><td class=\"has-text-align-left\" data-align=\"left\">$1,000 \u2013 $5,000<\/td><td>$1,000 \u2013 $5,000<\/td><\/tr><tr><td>Immediate Repairs<\/td><td class=\"has-text-align-left\" data-align=\"left\">$1,000 \u2013 $3,000<\/td><td>$1,000 \u2013 $3,000<\/td><\/tr><tr><td>Emergency Buffer<\/td><td class=\"has-text-align-left\" data-align=\"left\">3\u20136 months of expenses<\/td><td>$9,000 \u2013 $25,000 (est.)<\/td><\/tr><tr><td><strong>Total Savings Target<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\">&#8211;<\/td><td>$60,900 \u2013 $98,100<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Note: <\/strong>Closing costs are calculated based on the loan amount, not the home price. At 10% down, your loan is $380,629. So 2%\u20136% of that runs $7,600\u2013$22,800.<\/p>\n\n\n\n<p>Not everyone buys at the median price, and programs like FHA, VA, and down payment assistance can significantly lower your required down payment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\"><strong>How Long Does it Take to Save for a House?<\/strong><\/h2>\n\n\n\n<p id=\"how-to-save-for-a-home\">Your savings timeline depends on two things: your total target and your monthly savings rate. If you want to know how to start saving money for a house with an achievable deadline in mind, start here.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-regular\"><table class=\"has-fixed-layout\"><thead><tr><th>Monthly Savings<\/th><th>$43K Goal (DP only)<\/th><th>$60K Goal (DP+Closing Cost+ Minimal Buffer)<\/th><th>$80K Goal (Mid Range)<\/th><th>$100K Goal (With Healthy Emergency Buffer)<\/th><\/tr><\/thead><tbody><tr><td>$1,000\/month<\/td><td>43 mo (3.6 yrs)<\/td><td>60 mo (5 yrs)<\/td><td>80 mo (6.7 yrs)<\/td><td>100 mo (8.3 yrs)<\/td><\/tr><tr><td>$1,500\/month<\/td><td>29 mo (2.4 yrs)<\/td><td>40 mo (3.3 yrs)<\/td><td>54 mo (4.5 yrs)<\/td><td>67 mo (5.6 yrs)<\/td><\/tr><tr><td>$2,000\/month<\/td><td>22 months<\/td><td>30 months<\/td><td>40 months<\/td><td>50 months<\/td><\/tr><tr><td>$2,500\/month<\/td><td>18 months<\/td><td>24 months<\/td><td>32 months<\/td><td>40 months<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><sup>These figures don&#8217;t include interest earned. Keeping your savings in a High-Yield Savings Account will shorten these timelines.<\/sup><\/figcaption><\/figure>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-custom-accordion custom-accordion\">\n<div class=\"wp-block-custom-accordion-item accordion-item\"><button class=\"accordion-header\"><span class=\"accordion-title\">Wondering how to save for a house in 2 years?<\/span><img decoding=\"async\" loading=\"lazy\" width=\"840px\" height=\"450px\" class=\"accordion-icon\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/flat-fee-mls\/faqArrow.svg\" alt=\"toggle\"\/><\/button><div class=\"accordion-content\">\n<p>You need to save roughly $1,800\/month to hit the $43K down payment mark, or $2,500\/month to reach the full $60K conservative target. It&#8217;s aggressive but achievable. If your saving timeline feels too long, the issue is usually one of two things: your savings rate is too low, or your target is higher than it needs to be.<\/p>\n<\/div><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"best-ways-to-save-for-house\"><strong>12 Ways to Save Money for a House Faster<\/strong><\/h2>\n\n\n\n<p id=\"how-to-save-for-a-house-step-by-step\">Cutting unnecessary expenses, increasing your income, and automating savings all help. The best results usually come from combining these habits with smart financial planning.<\/p>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>1. Build a Zero-Based Monthly Budget<\/strong><\/h3>\n\n\n\n<p id=\"how-to-start-saving-for-a-home\">The best way to save for a house is to know exactly where every dollar goes before the month starts. That&#8217;s what a zero-based budget does. It assigns every dollar a job so nothing slips through the cracks. <\/p>\n\n\n\n<p>This approach also provides a starting point for budgeting for a house. Without a clear view of your monthly finances, it&#8217;s difficult to set a realistic savings target.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"840px\" height=\"450px\" src=\"https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2026\/03\/House-budget-infographic-copy-1-1024x576.webp\" alt=\"\" class=\"wp-image-907572\" srcset=\"https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2026\/03\/House-budget-infographic-copy-1-1024x576.webp 1024w, https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2026\/03\/House-budget-infographic-copy-1-300x169.webp 300w, https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2026\/03\/House-budget-infographic-copy-1-768x432.webp 768w, https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2026\/03\/House-budget-infographic-copy-1-1536x864.webp 1536w, https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2026\/03\/House-budget-infographic-copy-1-2048x1152.webp 2048w, https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2026\/03\/House-budget-infographic-copy-1-150x84.webp 150w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\" id=\"how-do-you-save-money-to-buy-a-house\"><strong>2. Automate Your Savings<\/strong><\/h3>\n\n\n\n<p id=\"best-way-to-save-for-a-home\">Set up an automatic transfer on payday from your checking account to a dedicated house savings account. Move the same amount every time you get paid, so saving becomes automatic. <\/p>\n\n\n\n<p>You\u2019re less likely to spend money that never sits in your checking account. Consider naming the account something like \u201cHouse Fund\u201d or \u201cDown Payment 2026.\u201d Labeling it makes you less likely to touch it.<\/p>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>3. Open a High-Yield Savings Account (HYSA)<\/strong><\/h3>\n\n\n\n<p>If you&#8217;re looking for the best account to save for a house, a HYSA is the right place to start. Standard savings accounts earn next to nothing (under 0.5% APY). Over a 2\u20133 year period, this difference can add hundreds or even thousands of dollars to your house savings.<\/p>\n\n\n\n<p id=\"recommended-savings-rate-for-house-down-payment\">HYSA accounts (3.8%\u20135.0% APY) are FDIC-insured, fully liquid, and ideal for anyone who is looking to save for a house for a time period of 12-36 months. Based on your house saving goals, here\u2019s how the extra interest can grow compared to a standard account at typical rates in 2026:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th><strong>Balance<\/strong><\/th><th><strong>Typical Standard Savings (around 0.5% APY)<\/strong><\/th><th><strong>High\u2011Yield Savings (4%\u20135.0% APY)<\/strong><\/th><th><strong>Annual Difference<\/strong><\/th><\/tr><\/thead><tbody><tr><td>$20,000<\/td><td>$100\/year<\/td><td>$800\u2013$1,000\/year<\/td><td>$700\u2013$900<\/td><\/tr><tr><td>$40,000<\/td><td>$200\/year<\/td><td>$1,600\u2013$2,000\/year<\/td><td>$1,400\u2013$1,800<\/td><\/tr><tr><td>$60,000<\/td><td>$300\/year<\/td><td>$2,400\u2013$3,000\/year<\/td><td>$2,100\u2013$2,700<\/td><\/tr><tr><td>$80,000<\/td><td>$400\/year<\/td><td>$3,200\u2013$4,000\/year<\/td><td>$2,800\u2013$3,600<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><sup>Rates can shift with market conditions, so always check current yields before you open an account.<\/sup><\/figcaption><\/figure>\n\n\n\n<div class=\"wp-block-houzeo-pro-tip-box wp-block-houzeo-grey-text blue-box-content-list pro-tip-blue-box\"><img decoding=\"async\" loading=\"lazy\" width=\"840px\" height=\"450px\" src=\"https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2025\/10\/pro-tip-icon.png\" alt=\"pro tip icon\" class=\"pro-tip-icon\"\/><p class=\"pro-tip-text\"><strong>Pro Tip<\/strong> <span>If you\u2019re confident you won\u2019t need early access to the cash, a short\u2011term Certificate of Deposit (CD) can sometimes offer even higher APYs. However, there is a catch. CDs usually restrict withdrawals and can penalize you for early access.<\/span><\/p><\/div>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\" id=\"how-do-you-save-for-a-house-downpayment\"><strong>4. Cut Discretionary and Recurring Expenses<\/strong><\/h3>\n\n\n\n<p>Go through your last 3 to 6 months of bank statements and look for opportunities to trim. Focus on:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Unused subscriptions, like streaming services or gym memberships.<\/li>\n\n\n\n<li>Eating out more than 2\u20133 times per week.<\/li>\n\n\n\n<li>Impulse purchases over $50.<\/li>\n\n\n\n<li>Auto-renewals on tools or services you rarely open, like online courses or website hosting<\/li>\n<\/ul>\n\n\n\n<p>Cancel or pause anything non-essential during your &#8220;saving to buy a house&#8221; period. Even freeing up $150 per month saves $1,800 a year. Instead of calculating in your head, write down the specific subscriptions you\u2019ll cancel this week instead of keeping vague intentions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>5. Consider Downsizing Temporarily<\/strong><\/h3>\n\n\n\n<p>If you plan to buy within 1\u20132 years, moving to a cheaper rental can free up real cash each month. Lower rent, smaller utility bills, and less upkeep will translate to increased house savings directly. <\/p>\n\n\n\n<p>One year in a smaller or more affordable rental apartment can add $3,000\u2013$10,000 to your savings. It\u2019s a short-term trade with a clear timeline, making it one of the simplest ways to accelerate your saving for a house.<\/p>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>6. Ask for a Raise or Negotiate a Promotion<\/strong><\/h3>\n\n\n\n<p>One of the fastest ways to increase your monthly savings is to earn more. So, if you want to boost your income and haven&#8217;t asked for a raise in the past year or more, now would be the right time to knock on your manager&#8217;s door.<\/p>\n\n\n\n<p>E.g., a 5% raise on the U.S. median household income of <a   href=\"https:\/\/www.census.gov\/library\/publications\/2025\/demo\/p60-286.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">$83,730<\/a> adds roughly $4,186 per year, which is close to $349 extra per month.<\/p>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\" id=\"how-can-i-save-for-a-house\"><strong>7. Pick Up a Side Hustle<\/strong><\/h3>\n\n\n\n<p>Wondering about how to save money quickly for a house? Here are some reliable options to consider for extra earnings:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Rideshare driving like Uber or Lyft<\/li>\n\n\n\n<li>Delivery driving with services such as DoorDash, Instacart, or Amazon Flex<\/li>\n\n\n\n<li>Freelance work related to writing, design, coding, and bookkeeping<\/li>\n\n\n\n<li>Selling unused items on Facebook Marketplace, eBay, or Poshmark<\/li>\n\n\n\n<li>Waitering part-time at local or major food outlets<\/li>\n\n\n\n<li>Tutoring or teaching online<\/li>\n<\/ul>\n\n\n\n<p>Gig work like delivery or rideshare driving typically earns <a   href=\"https:\/\/sidequesthustle.com\/guides\/how-much-do-doordash-drivers-make\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">$15\u2013$25<\/a> per hour gross, depending on your city and schedule.<\/p>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\" id=\"how-do-you-save-for-a-house-downpayment\"><strong>8. Rent Out a Room, Car, or Parking Space<\/strong><\/h3>\n\n\n\n<p>You may already own assets that can help you save money to buy a house.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Spare room:<\/strong> List it on Airbnb or Furnished Finder. Depending on location and occupancy, a room can earn $500\u2013$1,200 per month.<\/li>\n\n\n\n<li><strong>Car: <\/strong>Rent it out on Turo when you\u2019re not using it. Many owners earn $300\u2013$700 per month.<\/li>\n\n\n\n<li><strong>Parking space: <\/strong>If you live near a transit stop or busy area, platforms like SpotHero can generate $150\u2013$400 per month.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>9. Save Every Windfall<\/strong><\/h3>\n\n\n\n<p>A windfall is any unexpected money, such as a tax refund, work bonus, birthday cash, inheritance, or cashback payout. The average U.S. tax refund in 2025 is about $3,167. Redirecting two or three windfalls each year can cut down several months off your timeline.<\/p>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>10. Skip Large Purchases During Your Saving Window<\/strong><\/h3>\n\n\n\n<p>Decide on a defined savings period &#8211; 12, 18, or 24 months. During that time, pause large discretionary spending, such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A new car, unless your current one stops working<\/li>\n\n\n\n<li>Expensive vacations<\/li>\n\n\n\n<li>New furniture for a rental you plan to move out of<\/li>\n\n\n\n<li>Major tech or clothing upgrades<\/li>\n\n\n\n<li>Annual streaming subscriptions or gym memberships<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>11. Pause Extra 401(k) Contributions<\/strong><\/h3>\n\n\n\n<p>If you contribute above your employer match to a 401(k), consider temporarily pausing extra contributions above the match and redirecting that money to your house fund for 12\u201318 months. <\/p>\n\n\n\n<p>Never stop contributing enough to capture your full employer match because that\u2019s free money. It is also better not to withdraw from existing retirement accounts; tax penalties make that a losing trade every time.<\/p>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>12. Adjust Your Tax Withholding<\/strong><\/h3>\n\n\n\n<p>If you get a large tax refund each year, you\u2019ve likely been overpaying taxes and waiting to get your own money back in April. The average 2025 refund was about <a   href=\"https:\/\/content.govdelivery.com\/accounts\/USIRS\/bulletins\/406736a#:~:text=%243%2C167\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">$3,167<\/a>, which could have been earning interest in your high-yield savings account all year.<\/p>\n\n\n\n<p>If you consistently overpay, adjusting your W\u20114 reduces withholding and puts extra cash into your paycheck each month. On a $3,167 annual refund, that\u2019s roughly $264 per month, money you can automate straight into your home savings bank account.<\/p>\n\n\n\n<p><strong>How to do it:<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Use the <a   href=\"https:\/\/www.irs.gov\/individuals\/tax-withholding-estimator\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">IRS Tax Withholding Estimator<\/a>. It\u2019s free and takes approximately 10 minutes.<\/li>\n\n\n\n<li>Fill out a new W\u20114 and submit it to your HR or payroll department.<\/li>\n\n\n\n<li>Set up an automatic transfer for the extra monthly amount straight to your house savings account.<\/li>\n<\/ol>\n\n\n\n<div class=\"wp-block-houzeo-pro-tip-box wp-block-houzeo-grey-text blue-box-content-list pro-tip-blue-box\"><img decoding=\"async\" loading=\"lazy\" width=\"840px\" height=\"450px\" src=\"https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2025\/10\/pro-tip-icon.png\" alt=\"pro tip icon\" class=\"pro-tip-icon\"\/><p class=\"pro-tip-text\"><strong>Note:<\/strong> <span>This applies to W-2 employees only. If you\u2019re self-employed or usually owe taxes at filing, consult a tax advisor before making changes.<\/span><\/p><\/div>\n\n\n\n<div class=\"wp-block-houzeo-fsbo-checklist download_checklist_wrap mainVideoSec mainImageSec\"><div class=\"leftBlockVideo\"><img decoding=\"async\" loading=\"lazy\" width=\"840px\" height=\"450px\" src=\"https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2025\/10\/Houzeo-Mobile-App.webp\" alt=\"Image\"\/><\/div><div class=\"rightBlockVideo\"><p class=\"RightBlockTophead\"><strong>Don&#8217;t Just Browse. Buy.<\/strong><\/p><p class=\"RightBlockTophead-content\">Your entire home purchase, managed in one place.<\/p><a   class=\"mobileCTA\" href=\"https:\/\/apps.apple.com\/app\/id1576836461\" target=\"_blank\" rel=\"noopener noreferrer\">Download the Houzeo Mobile App<\/a><\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"should-you-pay-off-debt-or-save-money\"><strong>Should You Pay Off Debt or Save for a House First?<\/strong><\/h2>\n\n\n\n<p>Not all debt is equal, and dealing with debt is more than a binary choice. The right answer depends on what kind of loan you&#8217;re carrying and what your <a   href=\"https:\/\/www.houzeo.com\/blog\/debt-to-income-ratio\/\" target=\"_blank\" rel=\"noreferrer noopener\">debt-to-income (DTI) ratio<\/a> looks like.<\/p>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>When to Pay Off Debt First<\/strong><\/h3>\n\n\n\n<p>Paying down debt in the following situations is the fastest path to mortgage eligibility. It\u2019s not a detour, it\u2019s the route. Hence, prioritize debt if:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You carry high-interest credit card debt (15%\u201325% APR). You generally can\u2019t out-save interest at this level.<\/li>\n\n\n\n<li>The DTI ratio is above 43%. Most lenders won\u2019t approve a mortgage beyond this without things like a high down payment.<\/li>\n\n\n\n<li>Your monthly minimums leave nothing left to save.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>When It\u2019s Okay to Save While Carrying Debt<\/strong><\/h3>\n\n\n\n<p>When your HYSA interest rate and your debt rate are close, carrying that debt while saving is roughly a break-even or financially neutral. Meanwhile, don&#8217;t forget, you\u2019re still building your down payment.<\/p>\n\n\n\n<p>You can save and carry debt at the same time if:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Debt is low-interest (student loans at 4%\u20136% or a car loan).<\/li>\n\n\n\n<li>DTI is under 36%.<\/li>\n\n\n\n<li>Monthly minimums are manageable alongside your savings contributions.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>How DTI Affects Your Savings<\/strong><\/h3>\n\n\n\n<p>Before you start saving, it\u2019s important to understand your Debt-to-Income (DTI) ratio. Your debt-to-income (DTI) ratio shows the portion of your monthly income that goes to debt payments for credit cards, student loans, and car payments.<\/p>\n\n\n\n<p>DTI = Total Monthly Debt Payments \u00f7 Gross Monthly Income<\/p>\n\n\n\n<p>For e.g, $2,000 \u00f7 $6,000 = 33% DTI<\/p>\n\n\n\n<p>Lenders use DTI to decide:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Can they safely lend you a mortgage?<\/li>\n\n\n\n<li>How much will you need for a down payment?<\/li>\n\n\n\n<li>What interest rate will they offer?<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th><strong>DTI Range<\/strong><\/th><th><strong>Meaning for Mortgage Approval<\/strong><\/th><\/tr><\/thead><tbody><tr><td>Under 36%<\/td><td>Likely approval with the best rates and most loan options<\/td><\/tr><tr><td>36%\u201343%<\/td><td>Acceptable. Most lenders approve, may face slightly higher rates<\/td><\/tr><tr><td>43%\u201350%<\/td><td>Difficult. Approval depends on strong credit, a larger down payment, or other compensating factors<\/td><\/tr><tr><td>Above 50%<\/td><td>Most lenders will decline. Reducing debt first is usually necessary<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-houzeo-pro-tip-box wp-block-houzeo-grey-text blue-box-content-list pro-tip-blue-box\"><img decoding=\"async\" loading=\"lazy\" width=\"840px\" height=\"450px\" src=\"https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2025\/10\/pro-tip-icon.png\" alt=\"pro tip icon\" class=\"pro-tip-icon\"\/><p class=\"pro-tip-text\"><strong>Tip<\/strong> <span>Consult a <a   href=\"https:\/\/www.houzeo.com\/pros\/mortgage-lenders-near-me\" target=\"_blank\" rel=\"noreferrer noopener\">mortgage lender<\/a> to determine the best down payment strategy for your financial goals.<\/span><\/p><\/div>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"credit-score\"><strong>How Your Credit Score Affects How Much You Need to Save<\/strong><\/h2>\n\n\n\n<p>Your <a   href=\"https:\/\/www.houzeo.com\/blog\/what-credit-score-is-needed-to-buy-a-house\/\" target=\"_blank\" rel=\"noreferrer noopener\">credit score<\/a> doesn\u2019t just influence your interest rate; it also changes how much you\u2019ll need to save for a down payment. Different loan programs have different minimum scores and down payment requirements. Here\u2019s what that looks like with the median U.S. home price of $422,921.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th><strong>Loan Type<\/strong><\/th><th><strong>Minimum Credit Score<\/strong><\/th><th><strong>Minimum Down Payment<\/strong><\/th><th><strong><strong>Amount to Save<\/strong><\/strong><\/th><\/tr><\/thead><tbody><tr><td>Conventional<\/td><td>620+<\/td><td>3% (income limits apply) <br>or 5%\u201320%<\/td><td>$12,688<\/td><\/tr><tr><td>FHA<\/td><td>580+<\/td><td>3.5%<\/td><td>$14,802<\/td><\/tr><tr><td>FHA (lower)<\/td><td>500-579<\/td><td>10%<\/td><td>$42,292<\/td><\/tr><tr><td>VA<\/td><td>620+<\/td><td>0%<\/td><td>$0<\/td><\/tr><tr><td>USDA<\/td><td>640+<\/td><td>0%<\/td><td>$0<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-houzeo-pro-tip-box wp-block-houzeo-grey-text blue-box-content-list pro-tip-blue-box\"><img decoding=\"async\" loading=\"lazy\" width=\"840px\" height=\"450px\" src=\"https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2025\/10\/pro-tip-icon.png\" alt=\"pro tip icon\" class=\"pro-tip-icon\"\/><p class=\"pro-tip-text\"><strong>Note<\/strong> <span>A lower credit score can force you to increase your savings even before you can qualify for a mortgage, and that\u2019s in addition to any impact on interest rates.<\/span><\/p><\/div>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>Quick Wins to Improve Your Score While Saving<\/strong><\/h3>\n\n\n\n<p>Many buyers can reach 580+ for an FHA or 620+ for a conventional loan within 3\u20136 months by taking the following steps:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Keep credit card balances below 30% of your limit to raise your score 20\u201350 points.<\/li>\n\n\n\n<li>Pay every bill on time. Even a single missed payment can hurt your score.<\/li>\n\n\n\n<li>Avoid opening new credit accounts during your saving period.<\/li>\n\n\n\n<li>Don\u2019t close old accounts since credit history length matters.<\/li>\n\n\n\n<li>Check your <a   href=\"https:\/\/www.annualcreditreport.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">free credit report<\/a> and dispute any errors.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"loan-programs\"><strong>Loan Programs and Mortgage Down Payment Savings Strategies<\/strong><\/h2>\n\n\n\n<p id=\"first-time-homebuyer-savings-strategies-2026\">If you\u2019re figuring out how to save money for a house, you may not need to save as much as you think. Several programs exist to reduce what eligible buyers need upfront. Simple mortgage tips can also help you make the most of these programs and shorten your savings timeline.<\/p>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>Conventional Loans &#8211; 3% Down<\/strong><\/h3>\n\n\n\n<p>Standard mortgages are not backed by the government. Fannie Mae&#8217;s HomeReady and Freddie Mac&#8217;s Home Possible both allow 3% downpayment. However,<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It requires a 620+ credit score.<\/li>\n\n\n\n<li>PMI applies until you reach 20% equity, but it can be removed later.<\/li>\n\n\n\n<li>Good option for buyers with solid credit who want flexibility.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>Federal Housing Administration<\/strong> <strong>(FHA) Loans &#8211; 3.5% Down<\/strong><\/h3>\n\n\n\n<p><a   href=\"https:\/\/www.houzeo.com\/blog\/fha-loans\/\" target=\"_blank\" rel=\"noreferrer noopener\">FHA Loans<\/a> are the most common loans for first-time buyers, which require,<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>3.5% down with a 580+ credit score.<\/li>\n\n\n\n<li>10% down if your score is 500\u2013579.<\/li>\n\n\n\n<li>Mortgage Insurance Premium (MIP) applies for the life of the loan if you put less than 10% down.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>Veterans Affairs (VA) Loan<\/strong> &#8211; <strong>0% Down<\/strong><\/h3>\n\n\n\n<p><a   href=\"https:\/\/www.houzeo.com\/blog\/what-is-va-loan\/\" target=\"_blank\" rel=\"noreferrer noopener\">VA Loans<\/a> are available for active military personnel, veterans, and eligible surviving spouses and require,<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>No down payment.<\/li>\n\n\n\n<li>No PMI.<\/li>\n\n\n\n<li>Competitive interest rates.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\"><strong>United States Department of Agriculture Loans (USDA) Loans &#8211; 0% Down<\/strong><\/h3>\n\n\n\n<p><a   href=\"https:\/\/www.houzeo.com\/blog\/usda-loans\/\" target=\"_blank\" rel=\"noreferrer noopener\">USDA Loans<\/a> are given for homes in eligible rural and suburban areas. That said, some requirements for the USDA are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>No down payment needed.<\/li>\n\n\n\n<li>Income limits are typically up to 115% of the area median income.<\/li>\n\n\n\n<li>Property must be in a USDA-eligible location.<\/li>\n\n\n\n<li>Most lenders require a 640+ credit score.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\" id=\"down-payment\"><strong>Down Payment Assistance (DPA) Program<\/strong><\/h3>\n\n\n\n<p><a   href=\"https:\/\/www.houzeo.com\/blog\/down-payment-assistance\/\" target=\"_blank\" rel=\"noreferrer noopener\">DPA program<\/a> grants or low-interest loans from state and local governments that cover part or all of your down payment. Some of the highlights include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Some DPAs are outright grants. So, no repayment is required.<\/li>\n\n\n\n<li>Eligibility varies by state, income, and property type.<\/li>\n\n\n\n<li>If you qualify, this is one of the most effective ways to reduce your savings target.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"fsbo-flat-fee-mls\"><strong>How FSBO + Flat-Fee MLS Can Cut Your Total Housing Cost<\/strong><\/h2>\n\n\n\n<p id=\"ways-to-save-on-mortgage\">Most buyers focus entirely on saving for a down payment. However, if you&#8217;re also selling a home to fund your next purchase, real estate commissions can quietly reduce the cash you keep. <\/p>\n\n\n\n<p>Since the <a   href=\"https:\/\/www.houzeo.com\/blog\/nar-settlement\/\" target=\"_blank\" rel=\"noreferrer noopener\">National Association of Realtors settlement<\/a>, commission rates are fully negotiable. Total commissions still commonly range from 2.5%\u20136%, depending on your market and the agreement you reach. On a $422,921 home, a 5.5% total commission equals about $23,261, with roughly half ($11,630) going to the buyer\u2019s agent.<\/p>\n\n\n\n<p><a   href=\"https:\/\/www.houzeo.com\/blog\/how-to-sell-a-house-by-owner\/\" target=\"_blank\" rel=\"noreferrer noopener\">Selling FSBO (For Sale By Owner)<\/a> lets you skip the listing agent commission entirely. Meanwhile, a flat-fee MLS listing service like Houzeo lists your home on the MLS, let your manage the sale yourself, and allows you to keep most of the commission savings.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th><strong>Sale Price<\/strong><\/th><th><strong>Comission at ~5.5%<\/strong><\/th><th><strong>Buyer Agent Commission<\/strong> <strong>~2.75%<\/strong><\/th><th><strong>Flat-Fee MLS Listing<\/strong>*<\/th><\/tr><\/thead><tbody><tr><td>$300,000<\/td><td>$16,500<\/td><td>$8,250<\/td><td>$100 &#8211; $1,000<\/td><\/tr><tr><td>$422,921<\/td><td>$23,261<\/td><td>$11,630<\/td><td>$100 &#8211; $1,000<\/td><\/tr><tr><td>$600,000<\/td><td>$33,000<\/td><td>$16,500<\/td><td>$100 &#8211; $1,000<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><sup>*Flat-fee pricing varies by plan and location<\/sup><\/figcaption><\/figure>\n\n\n\n<div class=\"wp-block-houzeo-grey-text blue-box-content-list\">To finance your next home, see <a   href=\"https:\/\/www.houzeo.com\/pricing\" target=\"_blank\" rel=\"noreferrer noopener\">Houzeo&#8217;s selling plans<\/a> and do the quick listing in seconds.<\/div>\n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"mortgage-preapproval\"><strong>When to Get Mortgage Preapproval<\/strong><\/h2>\n\n\n\n<p>You can apply for <a   href=\"https:\/\/www.houzeo.com\/blog\/documents-needed-for-mortgage-pre-approval\/\" target=\"_blank\" rel=\"noreferrer noopener\">mortgage preapproval<\/a> after your savings and credit score are in a qualifying range. It helps you budget for a house purchase before touring homes. With preapproval, you are more likely to be preferred by sellers, since the financing has already been reviewed.<\/p>\n\n\n\n<p>Preapproval decisions typically come back within 1\u20133 business days. Preapproval letters are usually valid for 60\u201390 days. However, if your search takes longer, you can request a refresh.<\/p>\n\n\n\n<p>Documents mortgage lenders ask:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Last two years of W-2s or tax returns<\/li>\n\n\n\n<li>Pay stubs from the last 30 days<\/li>\n\n\n\n<li>Two to three months of bank statements<\/li>\n\n\n\n<li>Government-issued ID<\/li>\n\n\n\n<li>Details of outstanding debts (student loans, auto loans, credit cards)<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-houzeo-grey-text blue-box-content-list\"><strong>\ud83d\udc49 How Much Home Can You Afford?<\/strong> Get an instant monthly payment estimate with Houzeo&#8217;s free <a   href=\"https:\/\/www.houzeo.com\/mortgage-calculator\" target=\"_blank\" rel=\"noreferrer noopener\">mortgage calculator<\/a>.<\/div>\n\n\n    <div class=\"addingPreApprovalWidget\">\n        <div class=\"preApprovalBox\">\n            <div class=\"preFirstBlock\">\n                <div class=\"preApply\">\n                    <div class=\"preSecond preCom noSidebar\">\n                        <div class=\"preApprovalBlock\">\n                            <p class=\"preHeader\">Get Pre Approved for a Mortgage\ud83c\udfe1<\/p>\n                            <p>Select Your Loan Type <\/p>\n                            <ul class=\"preApprovalType\">\n                                <li class=\"processList\" name=\"1\">\n                                    <input type=\"radio\" class=\"inputSelect\" value=\"1\" aria-label=\"Select\">\n                                    <div class=\"purchase\">\n                                        <span class=\"purchaseSpan\">\n                                            <img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/preApproval\/new-home-purchase.svg\" class=\"prestatus1\" alt=\"new-purchase\">\n                                            <img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/blog\/blue-icons\/new-home-purchase-activeHColor.svg\" class=\"prestatus2\" alt=\"active\">\n                                        <\/span>\n                                        <span class=\"preApproveText\">New Home Purchase<\/span>\n                                    <\/div>\n                                <\/li>\n                                <li class=\"processList\" name=\"2\">\n                                    <input type=\"radio\" class=\"inputSelect\" value=\"2\" aria-label=\"Select\">\n                                    <div class=\"purchase\">\n                                        <span class=\"purchaseSpan\">\n                                            <img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/preApproval\/mortgage.svg\" class=\"prestatus1\" alt=\"new-purchase\">\n                                            <img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/blog\/blue-icons\/mortgage-activeHColor.svg\" class=\"prestatus2\" alt=\"active\">\n                                        <\/span>\n                                        <span class=\"preApproveText\">Mortgage Refinance<\/span>\n                                    <\/div>\n                                <\/li>\n                                <li class=\"processList\" name=\"3\">\n                                    <input type=\"radio\" class=\"inputSelect\" value=\"3\" aria-label=\"Select\">\n                                    <div class=\"purchase\">\n                                        <span class=\"purchaseSpan\">\n                                            <img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/preApproval\/cashout.svg\" class=\"prestatus1\" alt=\"new-purchase\">\n                                            <img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/blog\/blue-icons\/cashout-activeHColor.svg\" class=\"prestatus2\" alt=\"active\">\n                                        <\/span>\n                                        <span class=\"preApproveText\">Cash-out Refinance<\/span>\n                                    <\/div>\n                                <\/li>\n                                <li class=\"borderDiv addBorderDiv\"><\/li>\n                            <\/ul>\n                            <div class=\"preApprovalErrorDiv\">\n                                <span class=\"preApprovalError\">Please select a loan type first<\/span>\n                            <\/div>\n                            <div class=\"cashType\">\n                                                                <span class=\"helpedText\" >\u26a1With Houzeo, you can start your home-buying journey in less than 2 minutes.<\/span>\n                            <\/div>\n                            <div class=\"startBtn\">\n                                <button class=\"firstCta\">Get Started<span class=\"arrowContinue\"><\/span><\/button>\n                            <\/div>\n                        <\/div>\n                    <\/div>\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n    <script>\n        document.addEventListener(\"DOMContentLoaded\", function() {        \n            var preApproveWidgetAssetsLoaded = window.preApproveWidgetAssetsLoaded || false;\n            if(window.screen.width > 768){\n                console.log('mouse');\n                window.preApproveJsLoadfn = window.preApproveJsLoadfn || function() {\n                    console.log('mouse 1');\n                    if (!preApproveWidgetAssetsLoaded) {\n                        console.log('preApproveWidgetAssetsLoaded');\n                        preApproveWidgetAssetsLoaded = true;\n                        loadScript('\/blog\/wp-content\/plugins\/pre-approval-widget\/pre-approval-widget.js');\n                        document.removeEventListener('mousemove', window.preApproveJsLoadfn); \/\/ Remove the event listener\n                    }\n                }\t\n                document.addEventListener('mousemove', window.preApproveJsLoadfn);\n            }else{\n                window.preApproveJsLoadfn = window.preApproveJsLoadfn || function() {\n                    if (!preApproveWidgetAssetsLoaded) {\n                        preApproveWidgetAssetsLoaded = true;\n                        loadScript('\/blog\/wp-content\/plugins\/pre-approval-widget\/pre-approval-widget.js');\n                        document.removeEventListener('touchstart', window.preApproveJsLoadfn); \/\/ Remove the event listener\n                    }\n                }\t\n                document.addEventListener('touchstart', window.preApproveJsLoadfn);\n            }\n        });        \n    <\/script>\n    \n\n\n\n<h2 class=\"wp-block-heading margin-top-28\" id=\"How-Can-I-Save-to-Buy-a-House\"><strong>So, How Can I Save For a House?<\/strong><\/h2>\n\n\n\n<p>Start with a zero-based budget and automate your savings from day one. Open a HYSA to grow your fund faster and cut recurring expenses. If you&#8217;re also selling a home, going FSBO with a flat-fee MLS listing can save tens of thousands in commission.<\/p>\n\n\n\t<div  class=\"hfsWidget \" data-widget-title=\"Find your dream home \ud83c\udfe0\" data-widget-list-item1=\"1st item\" data-widget-list-item2=\"2nd item\" data-widget-list-item3=\"3rd item\" data-widget-type=\"buyer1\" data-widget-vendor-type=\"inspector\" data-widget-state=\"us\" data-widget-city=\"\" data-widget-redirect-url=\"https:\/\/www.houzeo.com\/homes-for-sale\" data-widget-redirect-text=\"Homes for sale\" data-widget-button-url=\"https:\/\/www.houzeo.com\" data-widget-button-text=\"\" data-widget-min-price=\"0\" data-widget-max-price=\"0\" data-widget-min-area=\"0\" data-widget-max-area=\"0\" data-widget-sidebar=\"false\">\n        <div class=\"widgetMainBox mainBox456\">\n        <div class=\"widgetBox widgetBox3 buyer-one\">\n            <div class=\"widgetTop\" style=\"display: flex;\">\n                <div class=\"widgetTopcont\">\n                    <div class=\"homePageQuickListing -page homepage widgetInBox3 hfs_new_design_widget\">\n                      <div class=\"HeaderTopSidebar\"> \n                        <p class=\"headerStyle\">Find your dream home \ud83c\udfe0<\/p>\n                                                                         <div class=\"widgetList skeleton skeleton-text\">\n                            <p>View 1,615,559 homes for sale in <span\n                            class=\"propertyStateSpan\">US<\/span><\/p>                            \n                        <\/div>\n                                                                      <\/div>  \n                        <div class=\"verifyFieldForm addInput\">\n                            <div class=\"inputSearchBox\">\n                                <div class=\"inputBoxElement addressBar\">\n                                    <input type=\"text\" name=\"ITBTtRE\" id=\"buyerAutocomplete\"\n                                        placeholder=\"Enter an address, city, neighborhood, or ZIP\"\n                                        class=\"pac-target-input buyerAutocomplete\" autocomplete=\"off\">\n                                <\/div>\n                                <span class=\"errorStreetMsg errorMsg\">Please enter valid address<\/span>\n                            <\/div>\n                            \n                            <div class=\"inputSubmitBox\">\n                                                                <button id=\"buyerBtnBox456\" class=\"continueCta storeAddress next_btn buyerBtnBox\">Search\n                                    <span class=\"arrowContinue\"><\/span><\/button>\n                            <\/div>\n                        \n                        <\/div>\n                    <\/div>\n                <\/div>\n            <\/div>\n            <div class=\"widgetInsideBox\">\n                <div class=\"widgetPropertyBoxNew\" id=\"propertyContainer\">\n                <div class=\"widgetPropertyInnerBox\">   \n                 \t\t\t\t\t\t   <div class=\"widgetPropColumnNew halfWidthCard\">\n\t\t\t\t\t\t\t  <a href=\"https:\/\/www.houzeo.com\/homes\/320-white-horse-pike-waterford-works-nj-08089\/hzid_b2cdddfe\" class=\"widgetAnchorColumnLink\" target=\"_blank\" >\n\t\t\t\t\t\t\t\t   <div class=\"widgetImageBox\">\n\t\t\t\t\t\t\t\t\t   <img decoding=\"async\" src=\"http:\/\/bright-media01.prd.brightmls.com\/bright\/images\/0000\/8043\/1546\/0066\/804315460066_512_384_WM_4KoSwdPjdp6yH9gd.jpg\" alt=\"\" onerror=\"this.src='https:\/\/dtpwvruv8ddnl.cloudfront.net\/seller\/listing\/uploads\/listing_images\/thumbnails\/empty-property.jpg';\">\n\t\t\t\t\t\t\t\t\t   \t\t\t\t\t\t\t\t\t\t\t\t   <img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/idx\/bright-mls-logo-xs.webp\" alt=\"logo\" class=\"insideWidgetLogo\">\n\t\t\t\t\t\t\t\t\t\t\t\t   \t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t   <div class=\"widgetTextBox\" >\n\t\t\t\t\t\t\t\t\t   <p class=\"priceText\">$349,999<\/p>\n\t\t\t\t\t\t\t\t\t   <span class=\"addressText\">\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t320 white horse pike, <br\/>waterford works, NJ 08089\t\t\t\t\t\t\t\t\t<span class=\"suummarize-info grey-img\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/blog\/blog-info-gray.svg\" alt=\"\">\n\t\t\t\t\t\t\t\t\t\t <span class=\"voult-tooltip-box\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"info-wrap\">\n\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"fz-12\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\tListing Provided by: Carla H Cornick | Coldwell Banker Realty <br>\t\t\t\t\t\t\t\t\t\t\t\t\tSource: Bright MLS-NJ | MLS#: NJCD2101482<\/p>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t   <\/div>\n\t\t\t\t\t\t\t   <\/a>\n\t\t\t\t\t\t   <\/div>\n\t\t\t\t\t\t   \t\t\t\t\t\t   <div class=\"widgetPropColumnNew halfWidthCard\">\n\t\t\t\t\t\t\t  <a href=\"https:\/\/www.houzeo.com\/homes\/252-260-college-st-burlington-vt-05401\/hzid_b6919965\" class=\"widgetAnchorColumnLink\" target=\"_blank\" >\n\t\t\t\t\t\t\t\t   <div class=\"widgetImageBox\">\n\t\t\t\t\t\t\t\t\t   <img decoding=\"async\" src=\"https:\/\/cdn.houzeo.com\/idx\/media\/104\/NERENM5083112\/1_24991040_6ee567eac2_dim_640X450.webp\" alt=\"\" onerror=\"this.src='https:\/\/dtpwvruv8ddnl.cloudfront.net\/seller\/listing\/uploads\/listing_images\/thumbnails\/empty-property.jpg';\">\n\t\t\t\t\t\t\t\t\t   \t\t\t\t\t\t\t\t\t\t\t\t   <img decoding=\"async\" src=\"https:\/\/cdn.houzeo.com\/images\/idx\/prime-mls-logo-xs.webp\" alt=\"logo\" class=\"insideWidgetLogo\">\n\t\t\t\t\t\t\t\t\t\t\t\t   \t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t   <div class=\"widgetTextBox\" >\n\t\t\t\t\t\t\t\t\t   <p class=\"priceText\">$6,950,000<\/p>\n\t\t\t\t\t\t\t\t\t   <span class=\"addressText\">\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t252-260 college st, <br\/>burlington, VT 05401\t\t\t\t\t\t\t\t\t<span class=\"suummarize-info grey-img\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/blog\/blog-info-gray.svg\" alt=\"\">\n\t\t\t\t\t\t\t\t\t\t <span class=\"voult-tooltip-box\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"info-wrap\">\n\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"fz-12\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\tListing Provided by: Robert Foley | Flat Fee Real Estate <br>\t\t\t\t\t\t\t\t\t\t\t\t\tSource: NEREN\/Prime MLS-NH | MLS#: 5083112<\/p>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t   <\/div>\n\t\t\t\t\t\t\t   <\/a>\n\t\t\t\t\t\t   <\/div>\n\t\t\t\t\t\t                        <div class=\"widgetPropColumnNew fullWidthCard \">\n\t\t\t\t\t\t<a href=\"https:\/\/www.houzeo.com\/homes-for-sale\" class=\"widgetanctextfind widgetancTextForAll\" target=\"_blank\">Homes for sale<span><img decoding=\"async\" src=\"https:\/\/houzeo-media-1.s3.amazonaws.com\/homes-for-sale\/blue-arrow.svg\" alt=\"arrow\" width=\"11\" height=\"10\"><\/span> \n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n                   <\/div>   \n               \n                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n       \n    <\/div>\n\t<script>\n    document.addEventListener(\"DOMContentLoaded\", function() {        \n        if (!window.assetsLoaded) {\n            window.assetsLoaded = true;\n            var version = (typeof customData !== 'undefined' && customData.customVersion) ? customData.customVersion : '1.0';\n            loadScript('\/blog\/wp-content\/themes\/houzeo-new-design\/js\/hfs-widget.js?version=' + version);\n            loadCSS('\/blog\/wp-content\/themes\/houzeo-new-design\/css\/hfs-widget.css?version=' + version);\n        }    \n    });\n\t\t\n\t<\/script>\n\t\n\n\n\n<p>\u00bb&nbsp;<strong><a   href=\"https:\/\/www.realestatequeen.com\/houzeo-reviews\/\" target=\"_blank\" rel=\"noreferrer noopener\">Houzeo Reviews<\/a>:<\/strong>&nbsp;Read what customers have to say about Houzeo, America\u2019s best home buying website.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"new-excerpt\"><p class=\"small-desc\">Learn smart, practical tips on how to save for a house. Discover down payment strategies and budgeting hacks to reach homeownership...<\/p><\/div><div class=\"reading_date\"><span class=\"readtime\">16 mins read<\/span><span class=\"date\">Apr 09, 2026<\/span><\/div>","protected":false},"author":102,"featured_media":288092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46225,46246],"tags":[36843,50404,50407,50403,50405],"class_list":["post-287888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buyer","category-how-to-buy-a-house","tag-how-do-i-save-money-for-a-house","tag-how-do-you-save-up-for-a-house","tag-how-much-do-you-need-for-a-down-payment-on-a-house","tag-how-to-save-up-for-a-house","tag-tips-for-saving-for-a-house-down-payment"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Save for a House? Your Best Ways to Save Money<\/title>\n<meta name=\"description\" content=\"Want to invest in a house? Our guide will help on how to save money for a house. Discover how much you need to save and how long it takes to save.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.houzeo.com\/blog\/how-to-save-for-a-house\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Save for a House? Your Best Ways to Save Money\" \/>\n<meta property=\"og:description\" content=\"Want to invest in a house? Our guide will help on how to save money for a house. Discover how much you need to save and how long it takes to save.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.houzeo.com\/blog\/how-to-save-for-a-house\/\" \/>\n<meta property=\"og:site_name\" content=\"Houzeo Blog\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-09T08:08:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-09T08:08:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2023\/04\/how-to-save-for-a-house.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"810\" \/>\n\t<meta property=\"og:image:height\" content=\"435\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Mohammad Gaus\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohammad Gaus\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"16 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How to Save for a House? Your Best Ways to Save Money","description":"Want to invest in a house? Our guide will help on how to save money for a house. Discover how much you need to save and how long it takes to save.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.houzeo.com\/blog\/how-to-save-for-a-house\/","og_locale":"en_US","og_type":"article","og_title":"How to Save for a House? Your Best Ways to Save Money","og_description":"Want to invest in a house? Our guide will help on how to save money for a house. 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