CHICAGO NEIGHBORHOOD NEWS: Lincoln Park, Lakeview, Bucktown and Wicker Park, Lincoln Square, Andersonville, Portage Park

Lincoln Park: Mark your calendars for July 17! It’s the Art on Clark Opening Night Party, from 6 to 8 pm. Join for a night of fun and art to celebrate the return of Lincoln Park’s annual public art program. Pick up your event passport at Gaslight Bar, which includes a self-guided tour highlighting all ten sculptures along Diversey Parkway and Clark Street. You’ll also receive a free drink and a bite to eat! If you make it to four select sculptures along the route, you’ll be entered into a raffle for a chance to win one of five gift cards to shops, pubs, and restaurants along Clark Street. Find more information here!

Lakeview: Looking for the perfect summer camp for your kiddos? Look no further than Steve and Kate’s Camp! The camp has locations all over the city, but the Lakeview camp is located at Bell Elementary School. The camp runs from June 25 through August 24. The hours are flexible, which is great for kids that have other summer commitments but still want to have a memorable camp experience. Whatever your child’s passion, they can push their limits at this camp. There is stop-motion animation, fashion, coding, breadmaking, sports, music, dance, and more! Intrigued? Discover more about this amazing camp and sign your kiddos up here!

Bucktown and Wicker Park: Kick off the summer with Chicago Parks Foundation at “It’s Your Park Day” in Wicker Park! Families, company groups, and individuals are all welcome to participate in this day of park enhancement and community bonding. On Saturday, June 16 from 9 am to 2 pm, the Chicago Parks Foundation is hosting a city-wide clean up. Community volunteers will be mulching trees, replacing fibar on playgrounds, and cleaning the parks’ green spaces. Volunteers will receive “It’s Your Park Day” t-shirts; tools and supplies will be provided by Home Depot. KIND snacks and water will also be available. Ready to do it?? Find more information here!

Lincoln Square: Have you ever taken a culinary tour? Well, now is your chance! Embark on a 2.5 hour walking tour of Chicago’s Little India with a trained chef with South Indian roots. On Friday, June 15 from 10:30 am to 1 pm, you’ll learn how to shop for and use pantry staples to recreate your favorite Indian dishes at home and enjoy flaky samosas, mango lassis, and other Indian specialties. You’ll also build a deeper understanding of Indian food and culture and gain the confidence to explore Indian restaurants on your own! Finally, you’ll leave with copies of Chef Susan’s favorite family recipes and all of her culinary secrets. The tour costs $65 and tickets can be purchased here.

Andersonville: It’s not too early to mark your calendars for the Andersonville Summer Sidewalk Sale! The event is July 27-29 from 9 am to 9 pm daily. Participating businesses spanning from 4900 to 5800 N Clark St. and the adjacent side streets will open their doors to line the sidewalks with summer sales, bargain antiques, one-of-a-kind merchandise, fashion apparel, and local treasures. The Women & Children’s First Used Book Sale will also be held on Saturday, July 28 and Sunday, July 29 at 5233 N. Clark. The sale will benefit the Women’s Voices Fund, whose goal is to foster discussion of feminist issues and culture, and to nurture children’s delight in books. Alamo Shoes will kick off their portion of the summer sidewalk sale on Thursday, July 26. Find more information about this exciting event here!

Portage Park: Entertain your kiddos this summer! Take them to a performance of “Beauty and the Beast”, put on by the Chicago Kids Company. Performances take place at two locations. The first is the Stahl Family Theater (5900 W Belmont) through June 29. The second is the Patio Theater (6008 W. Irving Park Rd) from July 11 through July 21. Weekday performances are at 10:30 am and there will be one afternoon performance on July 21 at 1 pm. The show is geared towards children ages 2-10. Find more information about showtimes and ticket pricing here.

RACHEL HOOVLER & DEAN’S TEAM CHICAGO

Restaurant Review – Schoolyard Tavern & Grill

The arrival of summer has put me in the mood for one thing when looking for a restaurant- a patio! Is there anything better than sitting outside while you enjoy a delicious meal? This week took me to Schoolyard Tavern & Grill, located in the Southport Corridor at 3258 N Southport. Schoolyard has a gorgeous patio with a generous number of tables shaded by trees. The restaurant is large, with bar, high-top, and table seating. We came in on a Sunday evening and were seated right away on the patio. The menu isn’t huge, but has a substantial number of options. As always, my eye was immediately caught by the appetizer section. Their queso intrigued me in particular: spiced ground beef, chorizo, pork, cilantro, red onions, tomato, and jalapeño topped with avocado salsa. I lived in Texas for ten years and I don’t know if I’ve ever seen queso that has three kinds of meat in it! I’m definitely going to have to come back and try this one. After a lot of consideration, I finally decided on the Fish Tacos. You have your choice of grilled shrimp or mahi mahi, topped with cabbage, spicy ranch, and chihuahua cheese on flour tortillas. I chose grilled shrimp and asked for the spicy ranch on the side. You also have your choice of side: French fries, sweet potato fries, tater tots, veggie of the day, house salad, or fresh fruit. As much as I wanted French fries, I decided on the fresh fruit. Fish tacos can be kind of a gamble, but these were delicious! The shrimp was seasoned well and nicely grilled. The order came with three tacos, so there was plenty of food! My friend ordered the Cheeseburger and French fries: American cheese, lettuce, pickle onion, and dijonaisse. He’s not a huge fan of sauce, so he asked for no dijonaisse. He also ordered six traditional wings with buffalo sauce. The burger was very tasty- it had two thin patties and the cheese was gooey, melty, and delicious. The wings were good as well- although I do admit, I’ve had better wings in Chicago. All in all, we very much enjoyed our meal! We will definitely be back!

Schoolyard is open Mondays through Fridays from 5 pm to 2 am, Saturdays from 11 am to 3 am, and Sundays from 11 am to 2 am. The kitchen is open Mondays through Fridays from 5 pm to 10 pm, Saturdays from 11 am to 10 pm, and Sundays from 11 am to 2 am. Check out their website for more information.

RACHEL HOOVLER & DEAN’S TEAM CHICAGO

Kathy’s Home & Garden Tips – Style Tips for Mature Women

I was thinking I would venture a bit from Home and Garden this week to talk about makeup and styles for us mature gals. I have seen a few ladies my age that rather unfortunately resemble clowns. I don’t proclaim to be a makeup expert, but I have researched many makeup hints and had success with them. Many of us have stuck with the makeup routines and colors of our twenties. Now that we are older, we can lighten up a bit.

I hear from so many women, “I’ll wear what I want!” or “I love my make-up!”. That’s fine, but I’d rather look my age. We’re not 25 anymore! First things first: purchase a super magnifying, lighted makeup mirror. Our eyesight is getting weaker and sometimes what we see is not what’s actually there. I finally realized that I was applying too much mascara, because I couldn’t see. I was starting to look like Tammy Faye! For the rest of your eye makeup, it’s best to use a light touch. Use a soft pencil eyeliner close to the top lash line. Black is still ok, but use it sparingly. Then use a neutral shadow. The shadow will cover any smudges in the liner.  Use an eyelash curler to make your eyelashes really pop and finish with mascara. Use a light touch on your brows as well. Our brows naturally thin with time, so go lightly. Many days I wear only foundation powder. There are lots of new tinted moisturizers that allow for minimal coverage. Use products especially made for mature skin, like Covergirl Simply Ageless and Revlon’s Youth Fix. Lipstick should be close to your natural lip color. If your lipstick tends to bleed, use a lipliner as close as possible to your lipstick shade. Apply foundation first, it will help it stay. In general, dark colors age you and draw too much attention to wrinkles.

As far as hair goes, I never colored my hair until I was graying, but it got old fast. Every three weeks, the gray roots were visible and drove me nuts. Try to stay as natural as possible with your color. I’ve seen too many old women with Crayola red hair!  For style, stay shorter with soft layers that frame your face. Always think softer for both your hair and makeup.

Clothing wise, it’s fun to try all the new styles but be careful. Skintight jeans and miniskirts are best left to the young. Stick to tailored and timeless styles. Love animal prints? Use sparingly, and accent with one item like shoes, a belt, or a scarf. Love all the new floral looks? Again, try no more than one piece of clothing or one accessory. Always buy clothing and accessories of quality. They are timeless and will last much longer.

KATHLEEN WEAVER-ZECH & DEAN’S TEAM CHICAGO

7 Reasons Why Working Without an Agent is a Big Mistake

With the internet at your disposal, it’s easy to scope out what’s available for sale right now, and with all those Open Houses that take place every weekend, visiting homes for sale on your own is a real possibility. Even taking a DIY approach to selling property is possible, especially with the internet at your disposal.

Sure, it’s possible to buy or sell without a real estate agent, but it’s not recommended. In fact, it’s strongly advised against and could wind up being one of the biggest mistakes you ever make. Buying and selling real estate is a big deal and involves a lot of intricacies that you are likely unfamiliar with.

Considering how big this particular financial decision is, you definitely want to get it right the first time, and the best way to do that is by working with an experienced real estate agent.

Still not convinced? Here are just a handful of reasons why not working with an agent can prove to be disastrous.

1. You Have No Experience

Unless you’re an agent yourself, you probably have very little to no experience buying homes. There’s a reason why agents undergo extensive training and study through courses before obtaining their license: there’s a lot to know about the industry. Participating in a real estate transaction without an agent is like going in blind.

Agents have a ton of expertise buying homes on behalf of clients. There’s a slew of forms and documents to have to sift through and sign, and you definitely don’t want to put your John Hancock on any legally binding contract that you don’t entirely understand. Plus, how will you even know how much to offer and what terms and clauses to include in a purchase agreement if you’re buying? And if you’re selling, how will you know how much to list for?

Realtors have a plethora of knowledge and experience in this realm, and not using their help is a big mistake.

2. You’ll Barely Scratch the Surface When Finding Homes For Sale

If you’re on the buying end of a deal, you might be able to find a number of properties for sale on the internet. But realtors are constantly networking with other agents and communicating about properties that are coming up on the market. As such, they’ll be able to help their buyer clients have a larger pool of properties to choose from. They may even be able to connect you with a home that hasn’t even hit the market yet.

3. You Don’t Experience Negotiating Real Estate Deals

Unless you’ve been immersed in negotiations for real estate, you’ll be at a serious disadvantage when it comes time to wheel and deal the best price, regardless of what side of the coin you happen to be on. With today’s housing market heating up, negotiations are more likely to be pretty heated, so you’ll want to make sure that you’ve got the negotiating abilities to score a good deal.

Think about the competition and the potential for bidding wars – wouldn’t you rather have an experienced professional in your corner to help ensure a successful transaction?

4. Your Network May Be Limited

When it comes to buying and selling real estate, a lot of other professionals typically play a role. Whether it’s interior designers, home stagers, contractors, lawyers, or home inspectors, many other experts often come into play, and real estate agents typically have a network of such professionals that they know and trust. Without such a network, finding a professional that you can count on can be a bit of a challenge. But with a realtor by your side, you can connect with another professional to meet your needs without any hassle.

5. Your Emotions Will Probably Get in the Way

It’s not uncommon for buyers and sellers to get emotional during a real estate transaction. This is especially true for sellers who have obviously developed an emotional connection with their homes and may get easily offended by lowball offers or criticism of certain aspects of the property.

In this case, emotions can get in the way of a smooth, streamlined deal, which is why it’s always best to have a neutral, unbiased third party act as a buffer in the negotiations to make sure that decisions are being made from the head rather than the heart.

Without an agent, you’ll have to deal directly with a buyer or seller, as well as all their rejections and objections. This can certainly be distressing at times, but an agent can neutralize such settings to ensure a successful transaction that every party can be satisfied with.

6. You Probably Don’t Have Enough Time to Go it Alone

Most likely, you’ve got a full-time job and don’t have a lot of time in your schedule to dedicate to buying or selling on your own. This is especially true for sellers who would be tasked with all the marketing, scheduling of showings, and fielding phone calls from potential buyers. There really is a lot of behind-the-scenes activity that real estate agents take care of that the average buyer or seller may not be aware of.

This is what they do for a living, and it takes up a better part of their day. Do you have the hours upon hours to dedicate to selling your home? Would you be able to take calls in the middle of your workday? Would you have the energy to deal with marketing your home and showing it to potential buyers after work or on weekends? Probably not, which is why your best bet is to hire a real estate agent to take care of all this legwork for you.

7. You Could Put Yourself at Legal Risk

Buying and selling real estate is a legal process and involves a lot of paperwork that is legally binding once signed. All that legal paperwork needs to be entirely accurate and not omit or embellish anything. This is of particular importance for sellers who are ultimately responsible for drafting up paperwork that encompasses all necessary and pertinent information.

In particular, disclosures are huge, and sellers have a duty to disclose all relevant information regarding their home that would influence whether or not a buyer would be interested in making a purchase. If you’re a seller and leave out any relevant information – regardless of whether or not you were aware of such ommissions – you could land yourself in legal hot water once the buyer moves in and discovers any defects that weren’t disclosed.

But if you work with a real estate agent, you can effectively keep out of trouble, making an agent a crucial part of the real estate equation.

The Bottom Line

There’s really no reason to leave a real estate agent out of the picture when buying or selling homes. As a buyer, you don’t have to pay commissions anyway (since sellers typically cover this cost), so there really is no reason to go about finding and buying a home alone.

And as a seller, the legal ramifications are just too significant to risk selling a property without the aid of a professional. Any commissions paid can be easily recouped in a higher sale price, better contract terms, and protection from legal troubles that can realistically occur if your paperwork isn’t airtight.

With everything that real estate agents have to offer buyers and sellers in the real estate process, it makes sense to include them as part of this crucial process and transaction.

THIS WEEKEND IN CHICAGO – Another “Festful” June Weekend!

We’re at it again!  We’ve got another “festful” June weekend that’s sure to please all Chicagoans!!

Celebrating its 35th year, the Chicago Blues Festival returns to Millennium Park (201 E. Randolph St.) in The Loop for three days of some of the country’s best blues performers on four stages.  This year’s festival will celebrate Chicago’s music legacy with Mavis Staples, a Little Walter tribute, a special tribute to Bob Koester, the 65th anniversary of Delmark Records, and more!  Plus, check out the new Chicago Blues Festival Rooftop Lounge outfitted with a mix of sofas, high boys, round tables, outside seating, live music from 11:00 a.m.-5:00 p.m., piped in music from the Pritzker stage all night, specialty cocktails from CH Distillery, a full bar of beverages, and a special rooftop menu from Robinson’s No. 1 Ribs.  There’s nothing like enjoying free live music in the Blues Capital of the World!!

Join Ribfest Chicago at Irving Park Road, Lincoln, and Damen Avenues in the North Center neighborhood as this fest turns 20!  Thirteen rib restaurants will be vying for this year’s “People’s Choice” award at the close of the weekend.  All rib vendors will be serving a 3-bone sampler, as well as half and full racks.  So, be sure to pick up your ballot upon arrival, let the tasting begin, then vote for your favorite.  Need a rib break?  Well, some returning favorites and new guys will be serving up all kinds of BBQ, sliders, and sandwiches, tacos, chocolate covered bacon, gourmet popcorn, ice cream, and more.  Fest goers can also enjoy hours of original music performed by premier touring bands from across the U.S. and abroad.  And, Kids’ Square will be open all weekend with inflatables, games, and other activities.  You won’t want to miss this street party as it’s one of the city’s best summer attractions!

Returning for its 53rd year to the Andersonville neighborhood, Midsommarfest is an annual street festival along Clark Street between Foster and Catalpa Avenues.  This fest brings you back to old-world Swedish traditions with flavorful international food, a dance around the Maypole, a chance to create your own floral crown, and even a chance to don the ever popular Viking hat!  Plus, music from DJs and longtime favorite bands, dance troupes, and kids’ activities keep this party going all weekend long at one of Chicago’s most legendary street fests!

Two of Chicago’s popular art events take place this weekend as well.  They are the –

Wells Street Art Festival on Wells Street between North Avenue and Division Street in the Old Town neighborhood this Saturday (10:00 a.m.-10:00 p.m.) and Sunday (10:00 a.m.-9:00 p.m.).  This festival features over 225 juried artists from across the continent, 20+ food and drink vendors, entertainment provided by local artists and cover/tribute bands, and a kids’ play area with plenty of activities!

Old Town Art Fair will be held in Chicago’s historic Old Town Triangle District (1763 N. North Park Ave.) in the Lincoln Park neighborhood this Saturday (10:00 a.m.-7:00 p.m.) and Sunday (10:00 a.m.-6:00 p.m.).  This favorite festival not only features over 250 nationally acclaimed artists, but it also features a music stage, a food court, a children’s corner, and a garden walk featuring over 50 neighborhood gardens!  Once again, this has been voted America’s #1 Art Fair for the third year in a row!!

Are You Game for Another “Festful” Weekend?

CHICAGO NEIGHBORHOOD NEWS: Bucktown and Wicker Park, Lincoln Park, Lakeview, River North, Edgewater, Oak Park

Bucktown and Wicker Park: Save the date for the annual WPB Neighborhood Guide Release Party! Come on down to The Robey Chicago and celebrate on Wednesday, June 20 from 6 to 9 pm. Local businesses, residents, and community partners are encouraged to attend for a first look at the guide and a night of neighborhood celebration. There will be drinks, as well as special VIP Robey Hotel group tours. Space is limited and RSVP is required. Register here now!

Lincoln Park: Celebrate summer with Lincoln Central Association’s Summer Sipper. This marks the fourth year of this event, which will be held on Sunday, June 24 from 5 to 7 pm. The event is at LCA’s award-winning Fire Station Park & Gardens (located at Larrabee and Armitage). Food and beverages will be served from Lincoln Park favorites like Geja’s Cafe, J9, and more; as well as treats prepared by LCA members using ingredients grown in the gardens at Fire Station park. Benjamin Barnes, one of Chicago’s premier magicians, will provide magical entertainment throughout the evening! Admission is free, so come on down!

Lakeview: It’s time for Chicago Pride Fest! Held on June 16-17, this exciting two-day street festival is held the weekend before the Chicago Pride Parade marches its way through Boystown. The festival features live music by popular artists on three stages, food and drink, over 100 arts, crafts, and merchant vendors, DJs and dancing, drag shows, a pet parade, and more. There is a $10 suggested donation. The festival is in Boystown, on Halsted Street from Addison to Grace. The festival is from 11 am to 10 pm both days. Find more information here!

River North: Did you know there’s a National Gin Day? Well, now you do! And what better day could there be for a Mixology class? Bernie’s Lunch & Supper is hosting Mixology Monday: Bartending 101 in conjunction with Death’s Door Gin. This intro class will highlight both classic and original gin cocktails. Bernie’s mixologist Eric Jobes will walk you through three of the most popular cocktails! No prior mixology experience is needed and all materials will be provided. The event begins at 6:30 pm on the rooftop and light appetizers will be served until 7:30 pm. Tickets are $55 and can be purchased here.

Edgewater: Peterson Garden Projects Cookbook Club is back! Each event has a theme, either a cuisine, a style of cooking, or a region. Choose any recipe from any cookbook to bring to the dinner! June’s theme is Middle Eastern cuisine. A few suggested cookbooks are Jerusalem: A Cookbook, Olives, Lemons, & Zatar: The Best Middle Eastern Home Cooking, and Aromas of Aleppo. Here’s how Cookbook Club works. Register online and you’ll receive a link to a Google Document. There, you’ll input the name of the recipe you chose, the cookbook, blog, or website your recipe is from, and if you need oven/stove space for reheating/keeping your dish warm. Then head up to Peterson Garden Projects on Tuesday, June 12 at 7 pm. You’ll share dishes, drink (BYOB is welcome!), chat about the recipes, and pick a theme for the next meeting. Register and find more information here!

Oak Park: Let your kiddos get a little wild on Wednesdays! Join Garfield Park Conservatory for Wild Wednesdays, held weekly. Your kids will explore nature, get their hands dirty, and discover new things about plants and animals. Can you find and identify fake bugs in the dig pit? Are you ready to adventure through the Conservatory to find rare and unusual plants? This evening of imagination and exploration is sure to make Wednesday the best night of your child’s week. Come in with your little one and let the learning begin! The event is from 4-7 pm and is free to attend. Find more information here.

RACHEL HOOVLER & DEAN’S TEAM CHICAGO

Restaurant Review – Fernando’s Tequila Bar and Restaurant

This week took me to Fernando’s Tequila Bar and Restaurant. I’ve probably walked by Fernando’s a hundred times and have never stopped in, so I decided this was the week! Located at 3450 N Lincoln Ave, the restaurant is huge! On the left hand side, there is a giant bar with expansive seating, as well as a number of two to four person tables. On the right hand side, there’s a huge room with larger tables. We came in on Friday night around 7 pm and were seated right away. As soon as we looked at the menu, my mouth was already watering. House-made guacamole, chile con queso, smoked chipotle BBQ wings, and nachos?! To save room for our main meal, we decided not to order any appetizers. I decided on the mini tacos: a single taco served on a mini, warm corn tortilla topped with fire salsa, cilantro, and onions. The mini tacos are just $2.95! I ordered three tacos: mesquite chipotle chicken, slowly cooked pork carnitas, and slowly cooked beef barbacoa. The beef barbacoa was my absolute favorite. The meat was perfectly cooked. It was so tender, it practically fell apart in my mouth.  The carnitas and chicken were very tasty as well. My friend ordered the Steak Fajita Burrito: a giant tortilla stuffed with char-grilled skirt steak, grilled onions, peppers, tomatoes, beans, cheese, lettuce, and sour cream. The burrito comes topped with red chile salsa and a jalapeño cream cheese sauce and is served with your choice of two sides. My friend ordered the Mexican rice and black beans. The burrito was absolutely gigantic! We easily could have shared it and both been full. It was super tasty! The grilled vegetables perfectly complimented the smoky, charred flavor of the steak and the jalapeño cream cheese sauce was delicious. I will definitely be back!

Fernando’s is open Sundays through Thursdays from 3:30 pm to 11 pm and Fridays and Saturdays from 3:30 pm to 12 am. Fernando’s is also available for both delivery and takeout. Find more information on their website.

RACHEL HOOVLER & DEAN’S TEAM CHICAGO

Kathy’s Home & Garden Tips – Include These Items in Your Car for Safe Trips

Owner’s Manual– This is invaluable for many things. All cars come with one or find one online if your new, used car doesn’t have one. It has fluid types and specifications and wiper/air cleaner filter sizes. I love going through mine when I’m not driving. I find some new info every time!

Lug Wrench– I’m sure there is one in your car already, but make sure it’s one you can use easily. I find a four-way wrench is easier for me, as it gives a little more leverage for us less strong individuals. It also fits different size bolts.

Spare Tire– Always make sure your spare tire is in good shape and is properly inflated. Even if you have road assistance, it’s good to be ready with your spare.

Jumper Cables– Dead battery? Ask someone for a jump and you’ll be ready with your own cables. You are also ready to help someone else with a jump. I know I was grateful to get a jump from someone before I kept my own cables in my car.

Shovel– A collapsible shovel can help so much if you get stuck in the snow.

Tire Gauge– Check tires every other week, especially when the temperature is fluctuating often. Underinflated tires are terrible for your gas mileage.

Duct Tape There are many uses for this in the car, as well as around the house. Use it for quick upholstery repairs, holding on a damaged tail light, or temporarily holding up a muffler.

Fire Extinguisher– They make compact ones just for cars and boats. Always make sure it’s not expired and that it’s in working condition. It’s a good idea to keep one in the kitchen too! 

Flashlight– Have a small penlight and a larger police type. Make sure batteries are fresh and flashlights are operational.

Break-out Tool– In case of an accident, this tool will allow you to cut your seatbelt or break your side window to escape.

WD40– This lubricant works wonders to loosen bolts or fasteners around batteries and air cleaners. It will also help remove tar and bugs. It also removes gum from carpet and upholstery.

Blankets– You never know if you’re going to break down in winter. Blankets are also handy if you’re going to a sporting event. I’ve been to a few spring little league games where a blanket would have been useful!

Extra clothes, socks and jackets– These are valuable if you break down, but are also great if your feet get wet or someone needs a jacket at a sporting event. Gloves, scarves, and waterproof boots will come in handy for winter snows.

Food and Water– Again, these are break down necessities, but are good to have in the car in case you get hungry. This way you’ll avoid trips through the fast food lane! I keep small packs of crackers and nuts, as I’m in my car a lot. They really come in handy!

First Aid Kit– This is great to have; make sure to replenish used items and throw out expired items. Include ibuprofen, antacids, and Pepto Bismol.

Money– You never know when you’ll need it! Keep $40 in the glove compartment for emergencies.

Paper Towels and Window Cleaner– Keep those windows clean for safe driving!

KATHLEEN WEAVER-ZECH & DEAN’S TEAM CHICAGO

6 Mortgage Programs That Allow For Low Down Payments

Based on the average price of houses these days, coming up with a down payment can be a major endeavor. According to the California Association of Realtors (CAR), the average price for a single-family existing home currently sits at $584,460. If you were to try and come up a 20% down payment, you would need to gather up $116,892! That’s a hefty sum for the average American, but conventional mortgages require 20%, or else Private Mortgage Insurance (PMI) will be applied. That means more money dished out.

Of course, it is not mandatory to put down 20%. Conventional mortgages will accept a minimum down payment of 5% towards the purchase price of a home, as long as your credit is in good standing and your financials are in check. Even still, 5% of the statewide average home price is $29,223, which is still a large amount for many borrowers to save up.

Luckily, there are several low down payment options available to homebuyers who struggle to save up a large down payment.

1. FHA Loan

One of the more popular mortgage programs available for those with a low down payment are FHA loans. This type of mortgage program is backed by the Federal Housing Administration (FHA) allows down payments as low as 3.5%.

While the government doesn’t actually fund the loans, it does provide lenders with some reassurance in case borrowers default on their mortgages. Not only are FHA loans good for borrowers with a low down payment, they’re also suitable for lower-income borrowers and those who don’t have excellent credit.

It should be noted that if your credit score is less than 580, you may have to put down slightly more than 3.5%. In addition, you’ll have to pay mortgage insurance premiums over the life of the loan if your down payment is less than 10%.

2. HomeReady Program

Fannie Mae’s HomeReady mortgage is also backed by the government and only requires 3% down to secure a mortgage. This type of program is geared towards low- to moderate-income borrowers with decent credit scores.

One of the great things about this program is that it can take into consideration the incomes of other adults living in the home. That means any grandparents, adult children, or siblings can include their income in the calculations to make securing a mortgage and coming up with a decent down payment much easier if you’re struggling to do so on your own.

3. Home Possible Program

Similar to Fannie Mae’s HomeReady program, Freddie Mac’s Home Possible program allows borrowers to put down as little as 3% towards a down payment. This mortgage option is great for low- to moderate-income homebuyers, as well as first-time homebuyers who are struggling to make the leap from renting to owning.

There are income limits that apply, however. In order to be eligible for this mortgage program, your income can’t go over the median income in the area where the home that you’re buying is located. That said, there are some exceptions, including situations where the home that’s being purchased is located in high-cost areas. In these cases, higher AMIs may still qualify.

4. Conventional 97 Program

Fannie Mae has another low down payment mortgage program for borrowers struggling to collect a large sum of money. The Conventional 97 program is designed to help borrowers who are only able to afford no more than a 3% down payment, and there are no credit requirements to qualify, either.

In addition, the Conventional 97 program allows 100% of the down payment to be a gift, as long as the proper paper trail shows that it is not a loan. Private Mortgage Insurance (PMI) is required on conventional mortgages with a loan-to-value ratio (LTV) of over 80%. However, once the LTV dips to 78% or below, PMI automatically drops off the mortgage.

5. VA Loan

If you’re a veteran or are the spouse of a veteran, you may be eligible for a VA mortgage, which is backed by the U.S. Department of Veterans Affairs (VA). These types of loans actually require no down payment at all and offer 100% financing, making them as affordable as mortgages can get. Not only that, but VA loans do not require any mortgage insurance, which can save you even more money over the life of the loan.

As far as credit requirements are concerned, individual lenders will have their own criteria for borrowers to meet. That said, the majority of lenders require a credit score of at least 620, though lower credit requirements may be found with specific lenders.

6. USDA Loan

USDA loans are meant for buyers who are purchasing a property in a designated rural area, as long as the property itself is not considered a working farm. This type of loan, which is backed by the U.S. Department of Agriculture, is designed to help stimulate growth and development of rural areas. In exchange, USDA loans do not require a down payment. In addition, the upfront fees are typically lower compared to other types of mortgages.

In addition to the type of property being purchased, there are also income restrictions in order for borrowers to qualify. The total household earnings – including all adults working in the home, including adult children – cannot exceed 115% of the Area Median Income (AMI). However, you may be able to deduct specific expenses from the total income amount.

Other requirements include a minimum credit score of 620 and a debt-to-income (DTI) ratio of no more than 45%.

The Bottom Line

Depending on your specific situation, you may be eligible for any one of the above mortgage programs that allow a small down payment, and sometimes none at all. Just keep in mind that mortgage insurance will most likely be required in most cases if your down payment isn’t above the 20% mark. Be sure to speak with a mortgage specialist who can walk you through all your options before settling on one particular mortgage program.