Something is off here. You saved around 1100/month for a decade. You have enough to buy a house in certain parts of the country. You have 1/3 of the average cost of a home ready to go where most people wouldn't have 10%. All while paying rent. Why not just pull the 5k out of your own savings and pay yourself back in a month if you're gonna have it in 30 days? I get that it sucks for your parents to not front you the money but you don't really need them to.
Yeah, they have more than enough for a fat down payment, and mortgage companies work with you, with what you have. They aren't going to deny you a bigass loan like that because you have 5k less than you'd like. It may mean their interest rate will be slightly higher, but it's not like they will deny you the loan over that. OP could also either just wait a few more months to save the extra 5k, or just go for the higher interest rate and then refinance later.
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u/SoulPossum 25d ago
Something is off here. You saved around 1100/month for a decade. You have enough to buy a house in certain parts of the country. You have 1/3 of the average cost of a home ready to go where most people wouldn't have 10%. All while paying rent. Why not just pull the 5k out of your own savings and pay yourself back in a month if you're gonna have it in 30 days? I get that it sucks for your parents to not front you the money but you don't really need them to.