Financial Wize

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Buying a home is exciting, but coughing up the down payment can be a downer. That’s where down payment assistance enters the picture. Government and nonprofit programs help unlock the door to homeownership for qualified buyers.

It makes sense to put down as much as you can comfortably afford on a down payment. The more you put down, the less you’ll be borrowing, which translates to lower monthly payments and less interest paid over the life of the loan. But many people put down less — in some cases far less — than 20% of the home’s purchase price, the amount often recommended to buyers.

In an April 2024 SoFi survey of 500 people intending to purchase a home, almost a third of respondents (30%) said they were planning to put down between 11% and 20%. Almost one in five (19%) said they would put down 6% to 10%. Ten percent of buyers were aiming for a 5% down payment or less, and fully 7% of people were exploring no-down-payment options. First-time buyers who finance their home are especially likely to have a lower down payment, according to data from the National Association of Realtors®.

Down Payment Defined

Depending on their financial situation, homebuyers may qualify for down payment assistance from the government or a private entity.

Down payment assistance programs come in several forms. Some offer homebuyers loans and grants that can be applied directly to down payments and, in some cases, help with closing costs, too.

The down payment — which covers the upfront “out of pocket” cost of getting a mortgage — is usually made at the mortgage closing and can be paid with a check, cashier’s check, or electronic payment.

The down payment covers a reasonable percentage of the total home purchase price, with the mortgage covering the remainder. Lenders typically won’t approve a mortgage loan unless the borrower pays upfront cash — anywhere from 3.5% to 20% in most cases — against the total price of the property.

💡 Quick Tip: Thinking of using a mortgage broker? That person will try to help you save money by finding the best loan offers you are eligible for. But if you deal directly with an online mortgage lender, you won’t have to pay a mortgage broker’s commission, which is usually based on the mortgage amount.

First-time homebuyers can
prequalify for a SoFi mortgage loan,
with as little as 3% down.

Homebuyer Assistance Programs and Qualifications

If a first-time homebuyer can’t afford a down payment, that opens the possibility of financial assistance.

The programs that tend to provide the most financial assistance to homebuyers — state and federal governments and local, regional, and national nonprofits — will likely need an applicant to clear hurdles in order to qualify for down payment help.

These criteria usually lead that list:

•   The three-year rule. The buyer must not have owned a home in the past three years. In most scenarios, government agencies and private charities deem anyone who hasn’t owned a home in the previous three years, even a repeat buyer, a “first-time home buyer.”

•   Must be for a primary home. Homebuyers should be clear if the money is going to the purchase of a primary residence. If the home is an investment property designed to draw rent, financial assistance providers usually won’t issue a green light on funding.

•   Income limits. First-time homebuyers may have to meet income limits. The buyer may also have to keep the home price below a specified limit.

•   Funding caveats. Depending on the funder, the first-time homebuyer may have to take a homebuyer education course and may be asked to contribute some money to the down payment.

New homebuyers looking for financial help — and who qualify for that help — can get financial aid from a variety of sources, both public and private.

The help can be substantial.

According to a report from the Urban Institute, up to 51% of potential homebuyers residing in the report’s U.S. metropolitan areas studied would qualify for some form of home down payment assistance. Upon applying, those homebuyers would be in line to receive between $2,000 and $39,000.

Yet in SoFi’s recent survey, only 38% of potential homebuyers who said not having an adequate down payment was their biggest challenge had explored down payment assistance programs. Actively looking for down payment assistance could be a good move. When that search begins, the following funding sources may be a good place for homebuyers to start.

Recommended: First Time Homebuyer Guide for 2023

HUD, the Gatekeeper

A good source for state and nonprofit home down payment assistance is the Department of Housing and Urban Development, or HUD.

HUD is a federal gatekeeper, steering homebuyers to various state and nonprofit programs and offering home buying and down payment advice from HUD home assistance counselors.

Each state may have different rules and requirements, so it’s a good idea to talk to either the state agency directly or to a qualified advisor through the HUD housing counselor portal.

Federal, State, and Local Government Grants

Government grants might be the optimal form of down payment assistance, as it’s free money. Grants usually come from federal, state, or local governments and nonprofit groups.

Each government agency or charitable group has its own rules for down payment assistance grants, but in general, you have to pass an eligibility test (the common criteria are listed above) to qualify.

Again, HUD does not offer direct grants to individuals but works through local governments and nonprofit organizations to make financial assistance and counseling available.
💡 Quick Tip: Not to be confused with prequalification, preapproval involves a longer application, documentation, and hard credit pulls. Ideally, you want to keep your applications for preapproval to within the same 14- to 45-day period, since many hard credit pulls outside the given time period can adversely affect your credit score, which in turn affects the mortgage terms you’ll be offered.

Federal Government Loans

While technically not deemed direct down payment assistance, U.S. government-insured housing loans consist of low-interest loans to new homebuyers that enable them to make lower down payments, thus making it easier to afford both a home loan and a down payment.

Federal home loans usually come from three agencies:

The Federal Housing Administration. The FHA provides loans from private lenders to qualified homebuyers. The primary qualifier is a FICO® credit score of 580 or above. A borrower with a credit score of 500 to 579 who brings a 10% down payment to the table may also qualify for an FHA loan. In SoFi’s survey, only 49% of homebuyers had heard of FHA loans, yet these can be a great solution for buyers.

U.S. Department of Agriculture. The USDA offers direct home-buying assistance to rural homebuyers. Loans enable qualified homebuyers to purchase a home with no down payment. The home must be in a qualified rural area, and borrowers’ adjusted annual income cannot exceed 115% of the median income in the area, among other criteria. These loans, too, can fly under the radar with shoppers. In SoFi’s survey, only 4 in 10 buyers (41%) had heard of USDA loans.

There is no minimum credit requirement for a USDA loan, but applicants with a credit score below 640 are subject to more stringent guidelines to qualify.

Department of Veterans Affairs. The VA provides home purchasing assistance to current members of the armed forces, military veterans, and eligible spouses of deceased U.S. military members. Similar to a USDA home loan, a VA loan requires no down payment.

Applicants must meet the VA’s — and the lender’s — standards for credit and income, and be purchasing a primary home.

Forgivable Loans

These loans come from lenders, usually in two forms: deferred payments and forgivable loans.

Forgivable loans are basically second mortgages that borrowers don’t have to repay if they remain in the primary home for a specific time period (for example, 10 years).

Forgivable loans usually have a 0% interest rate, making it easier to afford a home down payment.

State Down Payment Assistance

Assistance programs vary by state. Still, some commonalities exist — especially the urgency to help economically struggling homebuyers afford a home down payment.

These states are examples of that:

Arizona. By and large, homebuyers in most Arizona counties can apply for home down payment assistance through the state’s Department of Housing Home Plus Program.

Homebuyers will need a FICO® credit score of 640 or higher and an annual income of $126,351 or less. Additionally, the purchase price of the home can’t be higher than $371,936.

Florida. The Sunshine State offers home down payment assistance programs via Florida Housing Finance Corp.

•   HFA Preferred and HFA Advantage PLUS Second Mortgage. These down payment and closing cost programs offer 3%, 4%, or 5% of the total loan amount in a forgivable five-year second mortgage.

•   Florida Assist. Eligible homebuyers receive up to $10,000 through an interest-free second mortgage. The money doesn’t have to be paid back unless the homeowner sells or refinances the property.

Recommended: Guide to Buying, Selling, and Updating Your Home

The Takeaway

Government and nonprofit funding are the primary vehicles for down payment assistance, but homebuyers may also seek down payment help from family and friends, retirement and investment funds, or even microlenders.

However a buyer approaches home down payment assistance, the keys are planning, research on available programs, and a disciplined approach to budgeting.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% – 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It’s online, with access to one-on-one help.

SoFi Mortgages: simple, smart, and so affordable.

*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.

SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility for more information.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Checking Your Rates: To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

SOHL-Q324-107

Source: sofi.com

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Nebraska, often associated with its expansive prairies and agricultural roots, has plenty of rural charm to enjoy. With friendly Midwestern communities, a growing economy, and a diverse range of outdoor activities, Nebraska can be the perfect fit for many lifestyles. But is Nebraska a good place to live? To help you weigh your options, here are the pros and cons of living in Nebraska.

Is Nebraska a good place to live?

Nebraska’s two largest cities, Omaha and Lincoln, are the state’s cultural and economic hubs. Omaha is known for its booming business sector, home to Fortune 500 companies like Berkshire Hathaway and Union Pacific. Meanwhile, Lincoln, the state capital, has a thriving college town atmosphere, thanks to the University of Nebraska. The state has a strong agricultural backbone, contributing to its job opportunities.

Beyond its cities, moving to Nebraska means settling into friendly Midwestern communities, a slower pace of life, and a variety of outdoor recreational opportunities. From camping in the Sandhills to exploring Chimney Rock, the state has various activities that celebrate its natural beauty. However, life in Nebraska comes with its own set of challenges, from unpredictable weather to limited entertainment options in rural areas.

Nebraska state overview

Population 1,961,504
Biggest cities in Nebraska Omaha, Lincoln, Bellevue
Average rent in Omaha $1,225
Average rent in Lincoln $1,223
Average rent in Bellevue $1,120

1. Pro: Strong job market in agriculture and technology

Nebraska’s economy is deeply rooted in agriculture, with the state being one of the top producers of beef, pork, and corn. However, it’s not just farming that drives Nebraska’s economy—Omaha and Lincoln have diversified with strong business and technology sectors. In Omaha, industries like finance and insurance are prominent, and the city is home to major corporations like Mutual of Omaha and TD Ameritrade. Lincoln offers opportunities in education, government, and healthcare, thanks to the University of Nebraska and other local institutions. 

2. Con: Severe weather and tornadoes

While Nebraska enjoys all four seasons, the weather can be extreme. The state sits in “Tornado Alley,” meaning severe thunderstorms and tornadoes are a real risk, particularly in the spring and summer months. The unpredictability of the weather can make it difficult to plan outdoor activities, and residents must be prepared for sudden storms. For those who prefer milder climates, the harsh weather conditions could be a significant downside to living here.

Insider scoop: Many locals recommend keeping a weather app with storm alerts handy and preparing an emergency kit with essentials like flashlights, batteries, and a first aid kit.

3. Pro: Affordable cost of living, especially in smaller towns

Nebraska has a lower cost of living compared to the national average, making it an good place to live for those looking to stretch their dollar. While cities like Omaha and Lincoln offer affordable housing options, the state’s smaller towns are even more budget-friendly. For example, in cities like Grand Island or Kearney, rental rates can be as low as $747-$1,199 for a one-bedroom apartment. By contrast, Omaha’s average rent for a similar unit sits around $1,225. The low cost of utilities and groceries also contributes to the overall affordability, allowing residents to maintain a comfortable lifestyle.

4. Con: Limited public transportation options

Nebraska’s rural landscape makes public transportation a challenge, especially outside of Omaha and Lincoln. The state’s vast distances between towns mean that having a car is practically a necessity. Even in Omaha, public transportation options are limited, with the city primarily relying on buses that have infrequent routes in suburban areas. In smaller towns, public transportation is virtually nonexistent, leaving residents with few alternatives to driving.

5. Pro: Friendly communities

One of Nebraska’s standout qualities is the friendliness and hospitality of its residents. In smaller towns and even in its larger cities, you’ll find people willing to lend a hand or strike up a conversation. The state’s community pride makes it easy to form close relationships with neighbors and get involved in local events. This makes Nebraska an ideal place for those seeking a slower pace of life with strong community ties.

6. Con: Bugs and pests can be a nuisance

Nebraska’s vast open spaces and agricultural landscapes are a haven for a variety of insects, especially in the summer months. Mosquitoes, flies, and ticks can become bothersome, particularly near rivers and rural areas. Farmers and rural residents often contend with swarms of insects, and even city dwellers in Omaha and Lincoln aren’t immune to the bug problem. For those who love spending time outdoors, the insect population can make summer hikes or evenings on the porch less enjoyable.

Insider scoop: To better enjoy your outdoor time, consider adding citronella plants to your patio or using natural bug repellents like essential oil sprays.

7. Pro: Low traffic and easy commuting

One of the pros of living in Nebraska is the lack of major traffic congestion, even in the state’s major cities. While rush hour in Omaha and Lincoln can slow things down slightly, it’s nowhere near the gridlock seen in larger metropolitan areas. Commuting times are generally short, with most residents able to get to work within 20 to 30 minutes. 

8. Con: Lack of major entertainment and nightlife

For those seeking a vibrant nightlife or major entertainment options, Nebraska may feel lacking. While Omaha and Lincoln offer a selection of bars, restaurants, and cultural events, the options are relatively modest compared to larger cities. In smaller towns, entertainment is often limited to local high school sports or community events. Residents looking for high-end shopping, concerts, or diverse dining options may need to travel out of state to places like Kansas City or Denver.

Insider scoop: Plan ahead for popular annual events like the College World Series or the Nebraska State Fair, which bring in larger crowds and festivities.

9. Pro: Abundance of outdoor recreation

Nebraska’s open spaces provide great opportunities for outdoor exploration. From hiking and camping to hunting and fishing, there’s plenty to do in the state. The Niobrara River is a popular spot for kayaking and tubing, while the state’s many lakes, like Lake McConaughy, are perfect for boating and swimming. Residents can also explore the scenic Sandhills, the historic Oregon Trail, or Chimney Rock. Nebraska’s landscape might not be mountainous, but its rolling prairies and rivers offer plenty of ways to connect with nature.

Insider scoop: For some of the best camping and stargazing, check out the Fort Robinson State Park in the northwest part of the state. 

10. Con: Snowstorms and sub-zero temperatures in the West

Living in western Nebraska means dealing with harsh winter conditions, including frequent snowstorms and sub-zero temperatures. The region experiences heavy snowfall during the winter months, often leading to road closures and hazardous driving conditions, especially in rural areas. Snow accumulation can pile up quickly, and without the same extensive snow removal infrastructure found in larger cities, residents in smaller towns may be more isolated during storms. 

Pros and cons of living in Nebraska: Overview

Pros Cons
Strong job market in agriculture Severe weather and tornadoes
Affordable cost of living, especially in smaller towns Limited public transportation options
Friendly communities Bugs and pests can be a nuisance
Low traffic and easy commuting Lack of major entertainment and nightlife
Abundance of outdoor recreation Snowstorms and sub-zero temperatures in the West

Source: rent.com

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JAL has launched a new credit card with two tiers (basic & premium). Details are as follows:

  • Annual fee (waived first year)
    • $35 annual fee for basic tier
    • $85 annual fee for premium tier
  • Sign up bonus:
    • 5,000 bonus miles after $3,000 in spend (basic & premium)
    • Additional 5,000 bonus miles when you spend an additional $2,000 within three months (premium only)
  • Card earns at the following rates:
    • Spend on JAL airlines (2x for premium)
    • All other spend (0.5x for basic, 1x for premium)
  • No foreign transaction fees
  • 5,000 bonus miles when you you book your first JAL flight (one time use only, even if you apply for a second card)
  • 10% sector bonus miles for every flight
  • 5% discount at HND and NRT duty free, 10% discount at JAL in-flight purchase and wifi
  • 5k bonus mile after you use international flight by JAL
  • no annual fee in the first year, but $35/$85 from the second year respectively
  • SUB: 5k after spending 3k within 3month for Basic, additional 5k if you spend 2k more for premium within 3 month
  • Earn 5 JAL life status points every $1,500. (Theoretically, this makes 470k spending on this card gives you JGC status a.k.a. lifetime one world Sapphire as long as you hold this card and pay 2k mile annually). Combination with tier run can reduce the cost of getting this too.
  • Miles expire after 3 years of earning unless you are in JGC premiere or JAL diamond status holder.

Our Verdict


Doesn’t really look worth it unless you fly JAL a lot, but better than the previous offering.

Hat tip to reader Daisuke K

Source: doctorofcredit.com

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With mortgage rates surging higher again, somewhat unexpectedly, a thought came to my mind if you’re currently home shopping.

A couple years ago, I threw out the idea to adjust your maximum purchase price lower when looking for a property.

That post was driven by the many home sales that were going way above asking at the time. In other words, a home may have been listed for $600,000, but eventually sold for $700,000 in a bidding war.

That was all to do with a very hot housing market, driven in large part by a combination of record low mortgage rates and very low for-sale supply.

Today, we still have relatively low inventory, but the cheap mortgage rates have come and gone.

And now that they’re so volatile, you may want to input a higher rate into your mortgage calculator to ensure you don’t get caught out.

Mortgage Rates Are Highly Volatile Right Now

At the moment, mortgage rates are super unpredictable. While they had enjoyed a very good 11 months, falling from as high as 8% to nearly 6% in early September, they’ve since reversed course.

The 30-year fixed was nearly back into the high 5% range before the Fed cut rates and a better-than-expected jobs report arrived.

Sprinkle in some doubting about the Fed’s pivot and the upcoming uncertainty regarding the election outcome and home buyers are now facing a rate nearly 1% higher.

Per MND, the 30-year fixed has risen from a low of 6.11% on September 17th to 6.92% as of October 23rd.

Talk about a rough month for mortgage rates, especially since many expected the Fed’s rate cutting campaign to be accompanied by even lower mortgage rates.

It’s a good reminder that the Fed doesn’t control mortgage rates, and that it’s better to track mortgage rates via the 10-year bond yield.

Also, those yields are driven by economic data, not what the Fed is doing. By the way, the Fed makes moves based on the economic data too. So follow the economic data for crying out loud!

Anyway, this recent move up serves a great reminder that mortgage rates don’t move in a straight line. And to expect the unexpected.

Err on the Side of Caution By Inputting a Higher Mortgage Rate

If you’re currently looking to purchase a home, it’s generally a good idea to get pre-qualified or pre-approved upfront.

That way you’ll know if you actually qualify for a mortgage, and at what price point, including necessary down payment.

The thing is, these calculations are only as good as the inputs. So if your loan officer or mortgage broker puts in overly favorable numbers, it could skew the affordability picture.

In other words, you almost want to ask them to put in a mortgage rate that is 1% higher than today’s market rates.

That way you can absorb a higher payment if rates happen to worsen during your property search, which can take months and months to complete.

If rates happen to fall during that time, wonderful, it’ll just be the icing on the cake. Your expected monthly PITI will be even better than expected.

But like those bidding wars that took place, which resulted in higher asking prices, unexpected spikes in rates should also be anticipated.

And if they are, you might look at properties that are more within your price range, as opposed to homes that only work if everything is just right.

Given that homeowners insurance and property taxes are also on the rise (with just about every other cost), it can pay off to be prudent with your proposed home buying budget.

Adjust the Mortgage Rate on the Property Listing Page

If you’re using a site like Redfin to browse listings, there’s a handy mortgage payment calculator on each listing page.

It provides default amounts based on typical down payments, mortgage rates, property taxes, and homeowner insurance.

Let’s say that interest rate is 6.77% today, which is pretty reasonable given current market rates.

If you click on the little pencil icon, you can change it to anything you want. You can also select a different loan type while you’re at it.

Once you do, it tends to save your inputs, so when you look at other properties, the rate you selected earlier should apply to other homes.

This can give you a faster, perhaps more realistic estimate of the monthly payment, instead of a rate that might turn out to be too good to be true.

So you could put in 7.75%, or maybe 7.50%. That way if rates go up, or you qualify for a higher rate thanks to some loan-level price adjustments, you won’t be caught off guard.

You’re basically playing it more conservatively in case pricing worsens, which is the prudent approach.

While you’re at it, you may want to review the other inputs to ensure they are reflective of your proposed loan.

Are you really going to put 20% down on the home purchase, or just 3% to 5%?

Overestimating these costs instead of potentially underestimating them can help you avoid being house poor. Or worse, missing out on your dream home entirely due to inaccurate estimates.

Before creating this site, I worked as an account executive for a wholesale mortgage lender in Los Angeles. My hands-on experience in the early 2000s inspired me to begin writing about mortgages 18 years ago to help prospective (and existing) home buyers better navigate the home loan process. Follow me on Twitter for hot takes.
Latest posts by Colin Robertson (see all)

Source: thetruthaboutmortgage.com

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When purchasing a home, one of the most critical steps in the process is obtaining a home appraisal. Whether you’re a first-time buyer or a seasoned homeowner, understanding the significance of a home appraisal can help ensure that you make an informed decision. 

Appraisals provide an objective assessment of a property’s value, which plays a pivotal role in securing a mortgage, protecting your investment, and ensuring fairness in the transaction. Here’s why home appraisals are so important in the buying process.

Determining Fair Market Value

A home appraisal provides a clear understanding of a property’s fair market value. This is crucial not only for buyers, but also for sellers and lenders. The appraiser assesses the home based on various factors, such as the condition of the property, its location, comparable sales in the area, and other market trends. This evaluation helps ensure that the price you’re paying for the home aligns with its actual market worth, protecting you from overpaying.

Securing a Mortgage

Most lenders require a home appraisal before approving a mortgage. The reason is simple: lenders want to ensure that the property is worth the amount they are lending. If the home appraises for less than the agreed purchase price, the lender may refuse to finance the full amount, leaving the buyer with options such as renegotiating the price or paying the difference out of pocket. A fair appraisal, therefore, is essential to secure the loan and avoid financial surprises down the road.

Protecting Your Investment

For most people, buying a home is one of the largest financial investments they’ll make in their lifetime. A home appraisal ensures that you’re making a sound investment. It gives you a realistic picture of what the home is worth based on its condition, location, and recent sales in the area. This helps you avoid buying an overpriced property and ensures that your investment will hold its value in the future.

Negotiating Power

In cases where the appraisal comes in lower than the agreed purchase price, buyers can use this information to negotiate with the seller. Since the home is appraised for less than the asking price, the seller may agree to lower the price to match the appraisal. If the seller refuses, buyers can walk away from the deal or consider other financing options, but the appraisal gives them leverage in negotiations.

Protecting the Lender

While homebuyers benefit directly from appraisals, lenders are also protected. The appraisal acts as a safeguard for lenders by confirming that the property has sufficient value to cover the mortgage amount in the event of foreclosure. If the borrower defaults on the loan, the lender needs assurance that the home can be sold to recoup the outstanding loan balance.

Ensuring Transparency and Objectivity

The appraisal process introduces an element of objectivity to the home-buying process. The appraiser is an independent, licensed professional whose job is to provide an unbiased opinion of the home’s value. This impartiality ensures that neither the buyer nor the seller has an undue advantage, and the final decision is based on the property’s true value, not emotions or market pressure.

Home appraisals are a critical part of the home-buying process, ensuring that both buyers and lenders are protected from overpaying for a property. By providing an objective assessment of a property’s fair market value, appraisals help buyers secure financing, protect their investment, and ensure transparency throughout the transaction. Whether you’re purchasing your first home or adding another property to your portfolio, understanding the importance of appraisals can help you make more informed decisions and avoid costly mistakes. 

Are you looking to enter the real estate market this fall? Give us a call today! One of the experienced agents at Zoocasa will be more than happy to help you through the exciting home-buying process!

Looking for your dream home?

Contact us today to talk to a Realtor in your area

Source: zoocasa.com

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As a Midwestern hub with a long, rich history, there is so much that Detroit, MI, is known for. From automotive history, to legendary music, to popular sports, this resurging city has so much to offer all who come across it. Whether you’re looking for an apartment in Detroit, MI, planning to rent a house in the city, or buying a home in the area, this list of 16 unique things to do in Detroit is hand-picked by local experts to help you immerse yourself in the spirit of the Motor City. 

1. Wander the beautiful Belle Isle Park 

Audio-D Tours, a free mobile tour company highlighting unique things to do in Detroit, didn’t hesitate to recommend Belle Isle Park. Just a few minutes from downtown, the park includes numerous free attractions, rental kayaks, the Dossin Great Lakes Museum, peaceful picnic spots and new playscapes. Get more information about each of these spots in the park with their free audio tours.

2. Drift into Motor City heritage

Detroit is known as the origin of the American automotive industry. It is home to the 120-year-old Ford Piquette Avenue Plant, the birthplace of the iconic Model T, the car that put the world on wheels. Now a museum and U.S. National Historic Landmark, it offers visitors a glimpse into the origins of the Motor City through film, exhibits, original artifacts, and a collection of rare antique vehicles. 

3. Savor fresh fish from the Great Lakes 

Head over to the Marina District to experience the flavors of fresh fish indigenous to the Great Lakes. Dining at Sindbad’s Restaurant & Marina is a must on this list of unique things to do in Detroit. Their local meals feature fresh Perch and Walleye that celebrate the aquatic bounty and showcase the best of the Great Lakes. 

4. Stop for a scoop at Sedo’s 

Located in the picturesque and historic Villages, Sedo’s Ice Cream on Agnes St. offers a selection of sweet treats to indulge in. Try one of their 16 rotating ice cream flavors, or treat yourself to a sundae, milkshake, or malt to enjoy while you explore the neighborhoods of Detroit.

5. Jump into the sports culture

“If you’re getting to know Detroit, the first thing to know is that we are diehard sports fans, whether our team is good or not,” shares Matt, leader of local band Collision Six. “Make sure to check out a Tigers, Lions, Wings, or Pistons game. We think the best times to go are when there is live music at the home games or during big events like opening night.” 

6. Experience the perfect fusion of Detroit energy

A visit to The Lager House in the Corktown neighborhood is a must. It’s the perfect spot to experience Detroit’s diverse music scene live while soaking in the area’s blend of old-school grit and new energy. Their hidden speakeasy downstairs offers a cozy, retro contrast to their lively outdoor courtyard, and the offerings of local craft beer and Detroit-style eats give you a true taste of what life in Detroit is like. 

7. Take a walk on a self-guided statue tour

“One of the best things about Detroit is that we value public art,” shares Peter, co-owner of local Van Dyke Books. Here is his recommendation for a short walking tour of Detroit’s most iconic statues: 

  • Start at Campus Martius to find two statues that contrast the new Detroit with the ancient Detroit: the 152-year-old Michigan Soldiers’ and Sailors’ Monument and the newer “Waiting” statue by modern artist KAWS.
  • Head south from Woodard Ave to Jefferson Ave to find “The Fist,” a giant black-bronze fist suspended by chains in the center median. This statue honors Joe Louis, legendary Detroit boxer and one of the first Black national heroes.
  • Continue south to land in Hart Plaza. This riverside plaza is dotted with numerous works of art, including a life-sized statue of the city’s founder, the International Monument to the Underground Railroad, a 63-foot-tall monument to the Detroit labor movement called “Transcending”, and many more. 

8. Find connection and support in the community 

BasBlue is an inclusive, safe, and diverse community of women and non-binary individuals. If you’re new to the area and searching for an authentic, empowering, and loving group to connect with, look no further. Equipped with a library and café filled with locally sourced coffee, craft cocktails, a curated wine list, and delightful culinary options, it’s the perfect place to soak up all that Detroit has to offer. 

9. Explore the Motor City on two wheels

Wheelhouse Detroit, right on the Detroit Riverwalk, is a bicycle shop that offers retail, service, rentals, and even tours of the city. Whether you’re looking for your dream bike to take adventuring through your new neighborhood or you want to join your friends on an in-depth pedal with the inside scoop, this locally owned and women-led team is eager to help you with all of your cycling needs. 

10. Grab a slice from local Belle Isle Pizza 

Named after the beloved Belle Isle Park in the heat of the Detroit River, Belle Isle Pizza sits nestled between historic Indian Village and West Village. This pizzeria is a local staple, bringing people together with handcrafted pizzas made from fresh, local ingredients. It embodies the grit, warmth, and pride that define what it means to live in Detroit. 

11. Get an i-cone-ic experience at MJ’s North End Ice Cream Parlor 

If you’re looking for a great locally-owned spot to hang out and learn about more unique things to do in Detroit, make sure to visit MJ’s Ice Cream Parlor in the North End neighborhood. This area is immersed in music history, once home to some of Motown’s icons such as Aretha Franklin, Smokey Robinson, and Stevie Wonder to name a few. Be sure to ask the owners for the inside scoop on the little-known facts of the neighborhood. 

12. Celebrate the culture and diversity of the city with Distinctively Detroit Tours

Step off the beaten path and dive into the vibrant culture and history of Motown like never before with Distinctively Detroit Tours. From the first and only hip-hop history tour led by a celebrity recording artist, to an insider’s look at the city’s thriving music industry, the hidden gems of Detroit’s art and history, or mouthwatering culinary destinations, there are so many great tour options for all ages and interests. 

13. Cozy up with tea and treasures

If you’re looking for a comfy spot to shop, gather, or work, keep an eye out for CommodiTeas Tea Shop in the Fisher Building. Local owner, Katrina, really knows her tea, and will help you find the perfect cup to cozy up with—hot or iced. The lush surroundings make it easy to relax in, and the shop includes beautiful items perfect for a housewarming party gift – for a friend or for yourself. 

14. Sip and pedal on a moving party 

Experience Detroit in a whole new way with Detroit Roll House, the first and only pedal pub with a live DJ. This unique thing to do in Detroit takes you through the streets of Motor City with an expert blend of music, fun, and scenic views while you power the ride as the DJ pumps the vibes. Whether you’re celebrating or just exploring with friends, this is the ultimate way to enjoy the city’s striking views and profound culture. 

15. Experience Detroit’s revitalized energy 

“Detroit is experiencing an exciting resurgence, showcasing vibrant new and existing businesses, restaurants, and attractions,” shares Craig, owner of local Craig’s Coffee, a standout roaster known for their sustainably sourced beans and small-batch roasted coffee. “Must-see spots include the expanded Motown Museum and the beautifully restored Michigan Central Station in Corktown.” Stop by Criag’s for the perfect warm-up after a day filled with exploring. 

16. A few highlights for a shorter trip

Not staying in Detroit long? The Albert Kahn Legacy Foundation, which honors the life and legacy of architect Albert Kahn, shares a few extra unique things to do in Detroit for a well-rounded introduction to the city:

  • Fisher Building: Designed by Albert Kahn, this is a must-see for Detroit’s history buffs, featuring stunning Art Deco architecture and intricate interior details. 
  • Detroit Institute of Arts: A cultural landmark with a world-class collection, including Diego Rivera’s famous murals.
  • Eastern Market: Visit on a Saturday for a taste of Detroit, where the largest historic public market brims with local vendors, fresh produce, and artisan goods. 
  • Detroit RiverWalk: An ideal spot for jogging or strolling, offering beautiful river views, public art, and nearby parks.
  • Detroit Jazz Festival: The annual festival showcases the city’s musical heritage, drawing top jazz musicians from around the globe and filling the city with soul-stirring sound.

Unique things to do in Detroit, MI: The Motor City is moving on up

Detroit stands as a testament to resilience and transformation with a rich history that shapes its ever-evolving identity. Whether you’ve lived in the city for a while and are looking for more connection, or you’re trying to decide if Detroit is a good place to live before making a big move, these unique things to do in Detroit chosen by local experts showcase everything the city is known for. 

Apache is functioning normally

When it comes to home decor, the concepts of minimalism and maximalism are two sides of the same coin. While minimalism champions simplicity and functionality, maximalism celebrates boldness and exuberance. Whether you’re curating a minimalist sanctuary in your Charleston, SC home, a vibrant, maximalist space in your Denver, CO apartment, or a balanced style in your San Diego, CA rental, the stars might offer some insight into your home style. Here’s how to decorate according to your zodiac sign and align your home with minimalism, maximalism, or a blend of both.

1. Minimalist signs: Virgo, Pisces, Capricorn, Taurus, and Cancer

For signs that value simplicity, order, and function, minimalism is the perfect fit. Venessa of itourvista3D Virtual Tours explains, “Minimalism, characterized by clean lines and clutter-free spaces, appeals to Virgos, Cancers, Pisces, Taurus, and Capricorns who appreciate order and functionality.”

Virgo

Virgos naturally lean into minimalism, with their love of organization and neatness. As lifestyle blogger Diana Collibri notes, “Attention to detail and love for organization are traits of the minimalist Virgo. You’ll often see this in their choice of functional furniture, minimalist shelving, and neutral storage baskets for a clutter-free space. Atef from home renovation guide, Renovera, adds, “Virgos thrive with sleek, multifunctional furniture like storage benches, which align with their need for an orderly, efficient home.”

Capricorn

Capricorns are drawn to timeless, high-quality pieces that echo their practical and disciplined nature figuring out how to decorate their home. According to Goodyear, AZ-based health and wellness blogger Mandy Wilde of The Midst, “Capricorns appreciate clean lines, natural materials like wood and stone, and cool tones for a refined, enduring look.”

Taurus

For Taurus, minimalism isn’t just about simplicity—it’s about embracing natural beauty. As Marrisa, owner of MZ Fine Designs in Waverly, MN where she offers unique, handcrafted pieces notes, “Taurus is likely to gravitate toward natural materials like wood, and earthy tones, reflected in unique pieces like handmade charcuterie boards.” These minimalist, yet elegant, items serve as both functional art and conversation starters, adding a touch of sophistication to a Taurus’s home.

Pisces

Pisces approach minimalism with a dreamy, ethereal touch. “Pisces appreciate pieces that transport them to another realm, making their homes serene, almost otherworldly sanctuaries,” says Lori Serra of Fine Art Canvas in Los Angeles, CA. Their soft, flowing fabrics and muted palettes are ideal for creating a space that feels both calm and imaginative.

Cancer

Cancers, known for their deep emotional connection to home, favor cozy, minimalist spaces when determining how to decorate according to their zodiac sign. David Gomez of Zodiac Zone Horoscope explains, “Cancers value soft textures, pastel hues, and family heirlooms, all contributing to a warm and inviting atmosphere that feels like a true sanctuary.” A Cancer’s dream home includes a deep-seat sectional sofa, soft throw blankets, and a cozy fireplace—a space where they can relax and feel safe.

2. Maximalist signs: Leo, Sagittarius, Aries, Gemini, and Scorpio

For signs that enjoy making bold statements, maximalism offers the perfect creative outlet. Venessa of itourvista3D points out, “Maximalism, characterized by bold colors and eclectic textures, resonates more with Leos, Aries, Scorpios, and Sagittarius, who express their vibrant personalities.”

Leo

Leos are known for their vibrant, show-stopping personalities, and their homes reflect this.  “Leos are creative, playful, and exceptional hosts,” says certified astrologer Yael Teramel of Yael Astrology. They love big, well-lit spaces, statement pieces like gold-framed mirrors, and dramatic lighting. Marrisa of MZ Fine Designs adds, “vibrant colors such as those in resin charcuterie boards, suit Leo’s bold taste, making these pieces both functional and striking in their decor.”

Sagittarius

For Sagittarius, the free-spirited traveler, maximalism is a natural fit. Elyse Calucci from the podcast  Allegedly Astrology explains, “Maximalism appeals to their love for collecting memories, stories, and eclectic items from their adventures and travels around the globe.” Their homes are filled with vibrant tapestries, global patterns, and unique art pieces that reflect their journeys. As Mandy Wilde from The Midst adds, “Sagittarians embrace layered textures and rich colors, creating a warm, welcoming space that tells the story of their life’s adventures.”

Aries

Aries, with their fiery, bold nature, thrive in maximalist environments that reflect their passion and zest for life. “Aries gravitate toward spaces filled with bright colors, statement pieces, and a sense of movement; think patterns and unique textures,” says Elyse Calucci.

Adam Mizrahi of MixPlaces located in Miami, FL also highlights, “Aries often opt for bold, vibrant statement pieces that showcase their dynamic personalities.” Whether it’s bold wall art or a statement rug, Aries isn’t afraid to let their decor speak for itself when determining how to decorate according to their zodiac sign.

Geminis

Geminis are naturally maximalists, drawn to variety and change. “Their fun, creative, and full-of-life personalities tend to transpire in their vibrant homes,” says Anda from House of Andaloo, in San Diego, CA. Anda notes, “Geminis often mix styles, colors, and textures, evolving their spaces frequently to keep things interesting.” They love eclectic furniture, vintage animalia decor, and statement artwork that brings a lively, upbeat energy to their homes.

Scorpio

Scorpios, although typically associated with a more reserved personality, lean toward maximalism in a refined way. They prefer purposeful, quality pieces that make a strong impact without overwhelming the space. According to Dawn Henson from architectural design group Small House Works, “A well thought out furniture plan is key for Scorpios who favor dual-purpose furniture like the OZ Sid space-saving coffee table that converts into a dining table.” This kind of design reflects Scorpio’s desire for functionality with a bold, impactful statement.

3. Balanced signs: Libra and Aquarius

Some signs, like Libra and Aquarius, find a balance between minimalism and maximalism, combining both styles to create unique, harmonious spaces.

Libra

Libras are known for their desire for balance and harmony in all aspects of life, including their homes. “Libras enjoy balance and order, so they may keep the decor simple by avoiding clutter,” explains lifestyle blogger Juju Gurgel located in Fort Myers, FL. However, Libras also appreciate elegance and beauty, blending minimalist design with luxurious touches like soft fabrics and ornamental elements. Lori Serra of Fine Art Canvas adds, “Libras love art that blends classical grace with modern innovation, mirroring their preference for spaces that are both peaceful and aesthetically pleasing.”

Aquarius

For Aquarians, modern minimalism with a twist is the way to go. Mandy Wilde from The Midst suggests, “Aquarians are drawn to futuristic, unconventional designs and geometric furniture that reflects their progressive spirit.” Eco-friendly materials and smart technology often make their way into an Aquarius home, marrying functionality with individuality in a minimalist yet distinct space.

Maximalist vs minimalist in interior design: The best of both worlds

Whether you lean minimalist or maximalist,figuring out how to decorate according to your zodiac sign can inspire home decor choices that reflect your personality. From the calm, serene spaces of Pisces to the bold, adventurous homes of Sagittarius, astrology offers a fascinating lens through which to view your design preferences.

As Karen Bradley from holistic interior design group Okos Koti notes, ”Your zodiac sign can significantly influence your home decor preferences.” And with tools like 3D virtual tours, as Venessa of itourvista3D suggests, “you can explore various styles to see how they align with your astrological traits.”

Each sign brings its unique flavor to home decor, and no matter where you fall on the minimalism-maximalism spectrum, your space can become a beautiful reflection of your inner self, inspired by the stars.

Source: apartmentguide.com

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Yes, college is expensive. The real surprise: Housing can be pricier than tuition. At public four-year colleges in 2023-24, the average cost for housing and food was $12,770 — higher than the $11,260 for tuition and fees, according to a 2023 College Board report. Students at community colleges and private schools also faced similarly high housing costs.

High housing prices can impact a student’s ability to thrive at college or complete their degree. According to a 2019 report by Temple University’s Hope Center in Philadelphia, about 56% of surveyed students said they experienced housing insecurity — including the inability to pay rent — in the previous year.

“We see escalating prices and escalating costs whether you’re on- or off-campus, and so it’s becoming a bigger piece of the college education funding puzzle for a lot of families,” says Olan Garrett, associate vice president of student affairs at Temple University.

There are strategies to lower your college housing costs, from getting roommates to carefully comparing on- and off-campus options. Advisors at your college can guide you toward affordable options, even in emergency situations.

Before you take out more student loans than necessary to pay for college housing, consider these expert-approved tips.

Start early and do your research

Start looking for housing as early as possible — for many students looking off-campus, that will be mid- to late-fall for the next academic year, says Garrett. You may have more time if you want to live on-campus: that selection process typically opens in the spring, he says.

“The later you wait, the fewer options there will be,” Garrett says.

One way to get ahead of the curve: reach out to leasing agents in your community. “For example, if you’re going to an open house or an apartment tour, find the leasing agent and get in contact with them about what other available units might come up,” suggests Matt Aini, chair of the Student HOMES Coalition, a student-run organization that promotes affordable student housing policies. This could help you find apartments that aren’t yet listed online.

Do some research on your potential landlord or rental management company before signing a binding lease. Reach out to friends and peers and look up online reviews.

“How have people perceived the way the landlord works? Is it a landlord that’s very responsive to requests?” says Garrett.

Compare on-campus and off-campus options

Off-campus living may come with more independence and cheaper rent — but when it comes to comparing costs with on-campus options, it’s not always “apples to apples,” says Garrett.

With on-campus living, utilities like heat, water, electricity, trash and WiFi are typically baked into your housing fee. The dorm may also come fully furnished. Off-campus rent doesn’t usually include these services, so you’ll have extra college expenses. Off-campus apartments may also require a security deposit and first month’s rent upfront.

Most college websites offer online cost-of-living calculators that can help you compare average costs of living on- or off-campus.

If your school is close to home and you have the option to continue living there, you may consider commuting to save money on housing.

Aini, who is a senior at the University of California, Berkeley, lives with his parents nearby and commutes to campus.

“I made a very conscious decision,” Aini says. “And among other things, you see the cost. And I think it just makes things easier.”

Get roommates and manage expectations

Having a roommate is part of the quintessential college experience for many freshmen at American universities. Even after freshman year, living with roommates allows you to split rent and utility bills.

“I do believe there’s value in roommates or shared living environments,” says Brenda Ice, senior associate dean and senior director of residential life at Brown University in Providence, R.I. “This isn’t me saying, ‘try to pack in as many people as you can in a particular house or apartment,’ but I do believe there is both a social benefit of living with more than one person in a shared space, while also helping to cut down on costs.”

Be willing to compromise on amenities to get a place that’s within your budget. You may not be able to live in a brand new or recently renovated residence hall without roommates.

“Understand the first goal of this is to be able to live in a place of comfort that allows you to sleep, study, do the things you need to do,” Garrett says.

Reach out to university resources

For help navigating housing options, reach out to your university’s housing and residence life office. School administrators can walk you though on-campus options, and some can help with off-campus housing.

“Have a conversation with a housing officer,” Garret says. “In most cases, one size does not fit all.”

Many colleges offer off-campus housing databases with vetted landlords and properties. Some may even offer free workshops. For example, Brown works with a campus partner to teach students about financial literacy, understanding leases, connecting with neighbors and more, Ice says.

Even if your school doesn’t offer such robust housing resources, it likely has a housing officer. At North Seattle College, a community college, housing resource specialist Shannon Thomas helps students through emergency housing situations.

“I make connections with agencies and programs all throughout the area, whether it’s community service organizations, city or state programming, private landlords, or other schools and agencies,” Thomas explains.

Submit the FAFSA to minimize borrowing costs

If you need to take out student loans for housing, then prioritize federal student loans, which have more generous protections and flexible repayment options. You must submit the FAFSA to qualify for federal student loans and need-based Pell Grants. If you’ve borrowed the maximum amount in federal loans, consider private student loans as a last resort to fill in any funding gaps.

Read your lease and communicate with landlords

If you plan to live off campus, understand that leases are binding legal documents with major financial implications. Violating your lease terms may result in extra fees, eviction and a stain on your record that could make it difficult to rent an apartment in the future.

Some schools, like Brown, employ attorneys to help students with legal advice, including reviewing lease terms and navigating landlord disputes. You can also bring your lease documents to a free legal clinic at your school or in your community, says Aini.

If you’re already living off-campus and foresee an issue paying rent, reach out to your landlord proactively, Garrett says.

“I’m channeling my wife here, who’s a property manager, she would say, ‘communicate with your landlord early … if you know you’re going to be an issue, let them know you’re going to be an issue.’ Most landlords are willing to work with you up front,” he explains.

Apply for emergency housing grants

According to the 2019 Hope Center survey, 14% of students at four-year colleges said they experienced homelessness in the past 12 months. At community colleges, that figure was 18%. The vast majority of these students temporarily stayed with a relative or friend, the survey found.

Grants can help you get by in emergency situations where you’re at risk of losing housing. States, cities and institutions usually offer these grants. To learn about your options, reach out to the housing officer at your institution.

For example, colleges in Washington state can dole out the Washington Student Achievement Council (WSAC) emergency grant.

To apply for the WSAC grant, students typically first meet with a housing coordinator at their school, says Thomas, who oversees the WSAC grant program at North Seattle College. The amount of money students can get from this grant is flexible, though Thomas says it goes up to roughly $3,000.

“We will assess their housing needs, their basic needs and then we’ll prioritize what those are and set a course for finding them,” Thomas says. “A student might drop in and say, ‘we’re moving into an apartment that’s going to cost us ‘X’ amount of money. I only have so much. I am not receiving assistance from my family, or can’t pay for a variety of reasons. And so can you help me with this?’ And so what happens is, we take a request for financial assistance and we explore it as a team.”

In an urgent situation, Thomas says he may refer students to a shelter or arrange for a stay in a motel.

“It’s pretty clear that if you’re addressing the basic needs of your students, that you’re going to improve your retention rates … and you’re also going to improve the quality of community on your campus,” Thomas says.

Source: nerdwallet.com