Buying a house is one of the biggest investments you will ever make in your life but the down payment has always among the biggest obstructions to home buying. Saving enough money for your home down payment can be quite daunting but this one of the life’s goals that is worth working for. And while saving that kind of money may seem so tough and challenging, there is always an app for that. Thanks to technology, the idea about saving for your down payment has just gotten a lot easier even though the burden of acquiring money for down payment has never really changed.
Here is a short list of the most innovative ways for cash-strapped buyers to overcome the down payment hurdle:

Nerd Wallet

One of the most noticeable things about this finance app is its design and how soothing it looks. But underneath all that glamorous facade, you can find a well developed program that can help you reach your financial goals faster. Nerd Wallet helps you categorize your monthly spending history and enables you to compare your progress every month. It also provides you data if there is an extra money that can save to add for your down payment savings. You do the saving and leave the calculations to Nerd Wallet.


HomeFundMe is not your typical mobile finance app because this is a crowdfunding platform especially designed for down payments. Almost similar to other crowdfunding platforms like Indiegogo and Kickstarter, homebuyers can create their own page and set a specific goal amount and connect with their personal networks in order to raise the needed fund. As an added bonus, you can also have access to your own personal fundraising adviser and if you meet their eligibility requirement, you may be qualified the matching program of the parent company, CMG Financial. This program gives buyers $2 for every $1 raised, up to $2,500.

Zillow Mortgages

This app is specifically developed to help buyers plan for a down payment. We all know that financing a home can be complicated, but Zillow Mortgages is here to throw you a life line. With its customized calculators, this app can help you determine the amount you can afford to spend on a mortgage, which can factor into your down payment savings plan.


Acorns provides home buyers a remote way to convert spare change into possibly big returns. The app connects to the user’s bank account, and then gather together every transaction processed and depositing the remainder into an investment portfolio of your choice. For example, on a $9.95 purchase, the app would take that extra $.05 and invest it automatically in a professionally managed portfolio. You can monitor the performance of your portfolio and pull from their balance any time you choose to.

There is a plethora of down payment assistance programs and mobile finance apps available today. With the help of technology, saving enough money for the down payment of your dream home has never been this easy.

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