How to purchase a home making minimum wage
I want to start by saying this—yes, it is possible to become a homeowner, even if you earn minimum wage. It might take creativity, patience, and determination, but if you're willing to put in the work, this course is here to help guide you every step of the way.
Over the course of seven modules, we'll cover everything from understanding the basics of homeownership and financial preparedness to exploring the real estate market, making an offer, and finally, settling into your new home. Each module is crafted to provide you with practical insights, expert advice, and the tools necessary to make informed decisions.
To provide practical, realistic guidance that empowers low-income earners—especially those making minimum wage—to successfully plan, finance, and purchase a home. 🧭 What You'll Learn: Module 1: The Mindset of Homeownership Understand the challenges—and possibilities—of buying a home on minimum wage Set realistic expectations and long-term goals Identify why homeownership can be more affordable than long-term renting Module 2: Budgeting & Saving on a Tight Income Build a budget that works with your income Find creative ways to cut expenses and grow savings Create a dedicated down payment savings plan Module 3: Credit & Financial Readiness Understand what lenders look for Learn how to build or improve your credit for free or low cost Prepare documentation for loan applications Module 4: Affordable Financing Options Explore first-time homebuyer programs Learn about FHA, USDA, and other low-income loan options Discover down payment assistance, grants, and special loans Module 5: Finding the Right Property Identify low-cost homes, foreclosures, and fixer-uppers Explore manufactured or rural homes Learn how to work with a real estate agent who understands your situation Module 6: Making an Offer & Closing the Deal Learn how to make a smart offer Understand closing costs and how to lower them Get tips on negotiating with sellers and lenders Module 7: Life After Purchase Plan for home maintenance on a budget Set up emergency savings for unexpected repairs Transition from renter to responsible, long-term homeowner .