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Saving for a down payment can be one of the biggest challenges to homeownership, especially for young people. With rising costs, family expenses, and numerous financial commitments, setting aside enough cash can be overwhelming.

But with some creative thinking and smart financial moves, you can speed up the process and get the keys to your new home faster than you think. Here are three proven ways to help you save for your down payment. And when you’re ready to get a mortgage, check out our list of the best mortgage lenders.

1. Use a lease option

When my wife and I (and new baby!) were ready to buy our first home, we didn’t have enough saved for a down payment. But instead of giving up, I explored the idea of a lease option, or even a rent-to-own agreement, with a homeowner.

The homeowner didn’t really know what a lease option was, but as her home had been on the market for a year, she was willing to listen to almost anything.

We negotiated a deal whereby 50% of my monthly lease payments would go toward the down payment and 50% toward the rent/lease. Say I was paying $1,000 a month; $500 every month went to the down payment, and $500 was hers for rent.

This approach allowed us to live in the house we wanted to buy while simultaneously building up our down payment with her, without needing all the cash upfront. After two years, if I couldn’t come up with the rest, she was able to keep it all. But I did, and that $12,000 that we’d paid her was all we needed for the down payment.

It was a win-win: I eventually secured our future home, and the homeowner benefited from a reliable tenant with a vested interest in the property.

For buyers looking for a creative solution to down payment challenges, a lease option can be a powerful tool. Not only do you get to live in the home you want to buy, but you also have the opportunity to build equity along the way.

2. Save in a high-yield savings account

One of the simplest ways to speed up your savings is to place your money in a high-yield savings account. Traditional savings accounts offer low returns, but high-yield accounts can multiply your earnings significantly, allowing your money to grow faster. If you’re serious about building up your down payment quickly, then moving your savings into one of these accounts is a no-brainer.

For example, if you save $10,000 over two years in a high-yield account offering 4.5% interest, you could earn hundreds more than you would in a traditional account paying hardly anything. The key here is that your money works for you without any additional effort on your part.

3. Automate your savings

Saving consistently is critical to hitting this big goal, but it’s not always easy. Automating the process helps. By setting up automatic transfers from your checking account into your down payment fund, you can effortlessly build up savings over time. Only 17% of workers choose to set up automatic deductions to help them hit their savings goals, but it can be a big help.

Setting up an automatic transfer of, say, 10% of each paycheck into your savings ensures you’re consistently contributing to your goal, even when life gets hectic. This method makes saving a priority — even during tough times — by removing the temptation to spend the money elsewhere.

By using strategies like these and shopping around for the best mortgage rates you can make your down payment goal a reality faster. And when that happens, having that baby crying down the hall in your house might only be a short while away!

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