Down Payment Money is out there. Let’s find it!
Many buyers find themselves in a position where they have the funds to make a monthly mortgage payment but do not have the funds for both a down payment and closing costs. An FHA down payment is typically 3.5% of the purchase price of the home. With closing costs averaging around 3% this can be a significant hurdle for buyers.
What is Down Payment Assistance?
Down payment assistance (DPA) helps homebuyers with grants or low-interest loans that reduce the amount they need to save for a down payment.
There are more than 2,000 of these programs nationwide. State, county or city governments run many of them.
DPA programs vary by location, but many home buyers could be in line for thousands of dollars in down payment assistance if they qualify.
Take a look at this video for more information
We can help you determine if any down payment assistance options might work for you.
To find out:
1. Click below on the Down Payment Connect Button. Click to find the home buyer programs in our area.
2. Enter your household information. Personalize your search to find all the programs available based on your household characteristics.
3. Get your results. Learn the number of programs and amounts of help that may be available to you. Request the full report to get all the details.
4. Let’s talk about the results. Once you know the results let’s talk and pair you with the best lenders who are experts with the programs you likely are most eligible for.